Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240.
Reason for the trading strategy (technically):
We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support at the 10% level...
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240.
Reason for the trading strategy (technically):
Price has dropped nicely and is reaching our profit target perfectly. We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap...
Sell below 0.7240. Stop loss at 0.7285. Take profit at 0.7176.
Reason for the trading strategy (technically):
Price shot up and reached our profit target perfectly from yesterday. We now turn bearish below 0.7240 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to 0.7176 support (Fibonacci retracement, horizontal...
Buy above 0.7119. Stop loss at 0.7044. Take profit at 0.7242.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7119 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect a bounce up to at least 0.7242 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (21,5,3) is seeing strong...
