Right now the pair is trading @ 1.4106;yesterday we had a low in area 1.3940 and a max in area 1.4170; it is since May 20th that we are ranging between 1.38-1.43;
yesterday low was 70 pips lower than the close of the candle; the high was also 70 pips higher than the close of the candle;
the pair is trading in upper band of bollinger and the rsi is @56; the stochastic is bearish; for today I am expecting a continuation of this ranging period and so a target 1.3950-1.4000, depend on today development;
here are some support and resistance:
R3 1.4532; R2 1.4302; R1 1.4204; S1 1.3974; S2 1.3842; S3 1.3612;
One more thing: today may happen that this ranging period end...so don't forget to fix stop loss;
My trading plan:
I will sell 2x units now @ 1.4106;
stop loss @ 1.4180
target 1.4000 area for one unit and 1.3900 area for the other unit: will follow during the day;
have a good trading day
:D
yesterday low was 70 pips lower than the close of the candle; the high was also 70 pips higher than the close of the candle;
the pair is trading in upper band of bollinger and the rsi is @56; the stochastic is bearish; for today I am expecting a continuation of this ranging period and so a target 1.3950-1.4000, depend on today development;
here are some support and resistance:
R3 1.4532; R2 1.4302; R1 1.4204; S1 1.3974; S2 1.3842; S3 1.3612;
One more thing: today may happen that this ranging period end...so don't forget to fix stop loss;
My trading plan:
I will sell 2x units now @ 1.4106;
stop loss @ 1.4180
target 1.4000 area for one unit and 1.3900 area for the other unit: will follow during the day;
have a good trading day
:D
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