Buy above 0.7377. Stop loss at 0.7334. Take profit at 0.7441. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback...
Buy above 0.7332. Stop loss at 0.7290. Take profit at 0.7426. Reason for the trading strategy (technically): Price has started to bounce up nicely from our buying level. The plan today is to remain bullish above major support at 0.7332 (Fibonacci extension, Elliott wave theory) and we expect a bounce above this level to at least 0.7426 resistance, (Fibonacci...
Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): Price has shot up perfectly and has reached our profit target. We prepare to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap...
Buy above 0.7632. Stop loss at 0.7608. Take profit at 0.7683. Reason for the trading strategy (technically): Price has reached our profit target from Thursday. We are now bullish above major support at 0.7632 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7683 resistance once again (Fibonacci retracement, Fibonacci extension,...
Buy above 0.7520. Stop loss at 0.7440. Take profit at 0.7730. Reason for the trading strategy: Price dropped perfectly as expected and reached our profit target. We now turn bullish above 0.7520 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7730 (Fibonacci extension, horizontal swing high resistance). RSI (34) sees long term...
Sell below 0.7605. Stop loss at 0.7650. Take profit at 0.7517. Reason for the trading strategy (technically): We remain bearish for a further drop, looking to sell on strength below 0.7605 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to 0.7517 support (Fibonacci retracement, horizontal overlap support). RSI (34) sees...
Sell below 0.7668. Stop loss at 0.7695. Take profit at 0.7603. Reason for the trading strategy (technically): We remain bearish with price having broken our long term ascending support-turned-resistance line triggering a bearish exit to push price down. The goal is to sell below 0.7668 resistance (Fibonacci retracement, bearish pullback resistance, horizontal...
Buy above 0.7668. Stop loss at 0.7646. Take profit at 0.7733. Reason for the trading strategy (technically): We remain bullish above 0.7668 support (long term ascending support, horizontal support, Fibonacci extension) for a further push up to 0.7733 resistance (Fibonacci extension, horizontal resistance). RSI (34) is seeing strong support above the 41% level...
Sell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520. Reason for the trading strategy: We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support). RSI (34) has started to break its support and sees bearish divergence versus price...
Buy above 0.7655. Stop loss at 0.7603. Take profit at 0.7780. Reason for the trading strategy (technically): We remain bullish above long term support as 0.7655 (Fibonacci retracement, long term ascending support) for a push up to 0.7780 resistance (long term resistance). We watch RSI closely to ensure we are not being faked out by a bearish exit. RSI (34) is...
Buy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780. Reason for the trading strategy (technically): Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). RSI (34) is seeing...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780. Reason for the trading strategy (technically): Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). RSI (34) is seeing...
Buy above 0.7600. Stop loss at 0.7510. Take profit at 0.7790. Reason for the trading strategy: Price is bouncing nicely above our buying entry from last week. This week we remain bullish above 0.7600 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7790 resistance (Fibonacci extension, Horizontal resistance). RSI (34) is seeing...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780. Reason for the trading strategy (technically): Price is above major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). RSI (34) is seeing...