HouTianTan

HouTianTan

As seen in the chart, there is a strong support at 0.91030, which warrants a BUY for this currency pair at that price level. Stop loss should also be placed at 0.90725. Based on my personal trading system, I would recommend a take profit at the Fibonacci Extension level 1.618 (not shown).

HouTianTan

Using a simple Fibonacci Extension tool, traders can long this currency pair while it ranges between the 1.000 and 0.764 level. A recommended entry would be at 0.94492 with a stop-loss at 0.94266. Conservative traders may opt to take their position at 0.95435, the 1.236 level, while the more aggressive ones can take profit at 0.96038, the 1.618 level.