market price reached trend support line and doesn't fall under it which is indicator for another test of drawn red resistance area which is partial take profit area as well. Market must break this area for further up movement to 1.11 area. If the market doesn't break this red resistance area we can expect down movement to at least up trend support line.
-MACD is near 0 line and baselines going to cross bullish which brings buyers in the market
-RSI baselines started again up movement which is bullish indicator
-MACD is near 0 line and baselines going to cross bullish which brings buyers in the market
-RSI baselines started again up movement which is bullish indicator
Trade active
stop loss under 1.10 as drawn in the chart with red line from right screen side.Trade closed: stop reached
trailing stop reached at 1.1035 after breakoutTrade closed: target reached
short trade completed - ask for VIP to get this important trend reversal trades
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.