Although we look like we're due for a correction after the recent long trend upward, we can never be sure the market will not do the unexpected.
With the Monthly Pivot Range quite a bit higher now, at the start of the new year, this provides a good support to lean against and remain biased to the upside for the longer term.
We must be prudent and wait for the market to break above the highs of last week. Go long a break above 1.36690 with a stop loss at 1.35590 and a profit target at 1.39470.
With the Monthly Pivot Range quite a bit higher now, at the start of the new year, this provides a good support to lean against and remain biased to the upside for the longer term.
We must be prudent and wait for the market to break above the highs of last week. Go long a break above 1.36690 with a stop loss at 1.35590 and a profit target at 1.39470.
Order cancelled
This signal is cancelled due to the market correcting downward and penetrating the Monthly Pivot support.
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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.