As the price has bounced of a daily channel, the possibility is, that the weekly support - 0.7250 area break is likely to happen. I suggest, Sell Limit, after a breakdown, as shown in scenario 1, SL above 0.7350 (I suggest to trail, and use a "timing" stop also) 1st Target at 0.7000
The price has formed a "congestion at the key resistance area (short term). In case if the price is bouncing of 184.00 area, Target is 181.500 Breakdown will open the way to 180.000 Area. Stop Loss at the moment above 184.00
Triangle breakout is possible. If P>1.2625 1TGT=1.2800 SL = <1.2550 Where: TGT - target Sl - Stop Loss P – Price
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Not an investment advice. Official: borisov-capital.com Facebook Blog: fb.com Twitter: @borisovCapital www.youtube.com Premium Trading signals ; Forex ; Stocks ; Options ; Futures ; News & Analysis ; Free trading analysis & charts.