The resistance of this pair is at 0.92 and dealers tapped out three times, and support is at 0.84. Notice the whole numbers: 0.92000 and 0.84000. Market taps into the psychological of buyers and sellers alike. Since price touched the resistance or supply area of 0.92 about three times, we should naturally be looking to sell the pair. Where should we look to sell? Below the low of the week, 0.87500.
Sell entry 0.87500
Stop loss 0.88000
First take profit 0.86250
Second take profit 0.85000
Third take profit 0.84000
Disclaimer: This is not a trading advice. Educational purposes only.
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Sell entry 0.87500
Stop loss 0.88000
First take profit 0.86250
Second take profit 0.85000
Third take profit 0.84000
Disclaimer: This is not a trading advice. Educational purposes only.
Please let me know what you think. If you agree, boost the post for others to see. If you disagree, please leave a comment below.
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.