EURUSD is approaching our first resistance at 1.1787 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1622 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Solid levels. Resistance of the Inverse Head and Shoulders neckline. We are bearish all the way to the 1.1510 - .0030 support:
Kingkaro
⋅
Please how do I get the values of the market entry, stop loss and take profit
Tickmill
⋅
@Kingkaro, hi, you can consider our first resistance to be entry level, 2nd resistance as stop loss and support target as take profit target, hope that helps!