High probability bounce to 1.1970/1.2090
The entries, stops and take profits are clearly defined by the RRratio boxes.
One of the longest sustained moves I have ever seen without a 150-250 pip bounce. Usually when the market moves 1000 pips it has a 150-250 pip pullback before then. We have a daily divergence forming on fast MACD as well, and RSI (2) appears to be ready for a couple days of bullish push, at minimum. We will have to see it can sustain beyond multiple days.
Disclaimer: I am NOT a financial advisor, this is not financial advice.
Off-Exchange Foreign currency trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work for you, as well as against you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore, you should not invest any money which you cannot afford to lose. You should be aware of all the risks associated with off-exchange foreign currency trading, and see advice from an independent financial advisor if you have any doubts.
One of the longest sustained moves I have ever seen without a 150-250 pip bounce. Usually when the market moves 1000 pips it has a 150-250 pip pullback before then. We have a daily divergence forming on fast MACD as well, and RSI (2) appears to be ready for a couple days of bullish push, at minimum. We will have to see it can sustain beyond multiple days.
Disclaimer: I am NOT a financial advisor, this is not financial advice.
Off-Exchange Foreign currency trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work for you, as well as against you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore, you should not invest any money which you cannot afford to lose. You should be aware of all the risks associated with off-exchange foreign currency trading, and see advice from an independent financial advisor if you have any doubts.
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.
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.