SWING TRADE - FRA40
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A...
FRA40 - 24h expiry
Previous resistance located at 7350.
Previous support located at 7250.
The trend of higher lows is located at 7100.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7250, resulting in improved risk/reward.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7250 (stop at 7210)...
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
Previous support located at 7350.
Previous resistance located at 7425.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
We look to Buy at 7325 (stop at 7275)
Our profit targets will be 7445 and 7450
Resistance: 7425 / 7450 / 7500
Support: 7350...
