Okay lets take a look at surroundings first then we can set the targets for Intraday in Fibbo H1.
If we have a look at last two D1 candle patterns, current is almost a doji and previous was a King Bear. This is a clear sign of trend reversal from Bear to Bull. H4 last candle is a hammer and behind it are Three black crows. Secondly H1 also has trend reversal in candle patterns. Look at last three candles, A king Bear then a doji and again a doji.
Now Fibbo H1 indicates an upward movement at 100% level 1879 but this time resistances are first at 38.2 combined with BB44 mid band and also last two tops at 1833. So if we take a buy at start price may test 23.6 in 1818-23 zone which is also a very strong zonal SNR to break. A stop loss under 1800 like 98-97 will be enough for this entry. I will call it a HRB as price is already being effected by Interest rate report. If this entry ends in profit or loss. I will not enter again before the report and US session to observe the top or bottom. And on reversal might enter again if the momentum allows.
JUST ONE BUY ENTRY AT START WITH A 100 PIP STOP LOSS. NEXT AFTER INTEREST RATE REPORT AND US SESSION. FOLLOW THE FIBBO H1 SNRs IF THE PRICE IS UNDER IT.
If we have a look at last two D1 candle patterns, current is almost a doji and previous was a King Bear. This is a clear sign of trend reversal from Bear to Bull. H4 last candle is a hammer and behind it are Three black crows. Secondly H1 also has trend reversal in candle patterns. Look at last three candles, A king Bear then a doji and again a doji.
Now Fibbo H1 indicates an upward movement at 100% level 1879 but this time resistances are first at 38.2 combined with BB44 mid band and also last two tops at 1833. So if we take a buy at start price may test 23.6 in 1818-23 zone which is also a very strong zonal SNR to break. A stop loss under 1800 like 98-97 will be enough for this entry. I will call it a HRB as price is already being effected by Interest rate report. If this entry ends in profit or loss. I will not enter again before the report and US session to observe the top or bottom. And on reversal might enter again if the momentum allows.
JUST ONE BUY ENTRY AT START WITH A 100 PIP STOP LOSS. NEXT AFTER INTEREST RATE REPORT AND US SESSION. FOLLOW THE FIBBO H1 SNRs IF THE PRICE IS UNDER IT.