Dear Traders,
We hope you’ve had a great week. As the trading week concludes today, we can now analyse the potential price movement following a significant drop of over 1400 pips. Several factors contributed to this decline, including both technical and fundamental reasons, though the latter played a more prominent role. We anticipate further downward pressure until the price reaches the $4400 to $4300 region. At this point, a strong bullish reversal could propel the price towards $5000. If you agree with our analysis, please like and comment.
The Setupsfx_ Team
We hope you’ve had a great week. As the trading week concludes today, we can now analyse the potential price movement following a significant drop of over 1400 pips. Several factors contributed to this decline, including both technical and fundamental reasons, though the latter played a more prominent role. We anticipate further downward pressure until the price reaches the $4400 to $4300 region. At this point, a strong bullish reversal could propel the price towards $5000. If you agree with our analysis, please like and comment.
The Setupsfx_ Team
Trade active
As we mentioned, selling is likely to continue and the price just dropped around +2058 pips from the suggested starting point for a swing sell. The selling has now concluded and our buy entry has been activated. We’re currently up +1030 pips.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Join now our brand new group.
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Join now our brand new group.
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
t.me/setupsfx_uk
We’re a group of experienced UK traders with over 11 years of experience.
🇬🇧
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.