For today R4 - 1.0992 R3 - 1.0956 R2 - 1.0944 R1 - 1.0839 SPOT 1.0822 S1 - 1.0781 S2 - 1.0763 S3 - 1.0689 S4 - 1.0638 LONG AT 1.0750 FOR 1.0950; STOP AT 1.0638 How to trade support & resistance levels
buy @ 1.4740 for 1.4790; stop @ 1.4640 more ideas
For today R4 - 0.6866 R3 - 0.6813 R2 - 0.6792 R1 - 0.6747 SPOT 0.6632 S1 - 0.6590 S2 - 0.6515 S3 - 0.6500 S4 - 0.6467 LONG AT 0.6640 FOR 0.6800; STOP AT 0.6590 How to trade support & resistance levels
I believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.
I have not one clue about why this market is behaving the way it is right now . . . The exponential moving averages and the simple moving averages on the DIA suggest that the market is very bullish. MOREOVER, if one takes a look at the ADX indicator, the RSI indicator, the Stochastics indicator, and the MACD indicator, all of these indicators suggest a pullback on...