FRA40 - 24h expiry
The move higher is mixed and volatile, common in corrective sequences.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7300 will confirm the bearish momentum.
The measured move target is 7200.
We look to Sell at 7350 (stop at 7390)
Our profit targets will be 7250 and 7200...
FRA40 - 24h expiry
Trend line support is located at 7400.
Previous resistance located at 7450.
Price continues to trade within the triangle formation.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 7400 (stop at 7370)
Our profit targets will be 7470 and 7500
Resistance: 7450 / 7470 /...
FRA40 - 24h expiry -
Doji-style candle has been posted at the high.
Previous support is located at 7475.
Previous resistance is located at 7525.
Price action looks to be forming a top.
Short-term momentum is bearish.
A move through 7475 will confirm the bearish momentum.
We look to Sell a break of 7479 (stop at 7545)
Our profit targets will be 7325 and...
