See also
Price is facing bullish pressure as it continues to hold above the moving average support. We could potentially see further upside above 1st support, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap support, towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 1.25115
Reason for Entry:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap support
Take Profit: 1.25905
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.24490
Reason for Stop Loss:
78.6% Fibonacci retracement and horizontal swing low support
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
From what we see on the 4-hour chart of the Nasdaq 100 index, there are several interesting things, namely, first, the price movement is moving below the MA (100), second
Early in the American session, gold is trading around 3,312 with a bullish bias after breaking out of the symmetrical triangle. Gold is now likely to continue rising
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
On the 4-hour chart, the USD/CAD commodity currency pair can be seen moving below the EMA (100) and the appearance of a Bearish 123 pattern and the position
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