The pair is trading @ 1.3893; last Friday high was 1.4120 area and low was 1.3930 area; so Friday lower has been passed; the target now should be 1.3850; I do not think today news are going to change the rate; on 4 hour chart the RSI is @ 37; stochastic is bearish; the rate is on the lower band of bollinger; so should go to test one of the support; right now I see the area 1.3863-1.3800 as a good support;
to be clear today is the day where the pair may start a bearish movement; but is this will not happen the target should be: testing 1.43 area; but if 1.3800 will be passed it should test 1.3700 area;
here are some support and resistance:
R3 1.4361; R2 1.4171; R1 1.4032; S1 1.3842; S2 1.3791; S3 1.3601;
here is my trading plan:
I will buy 2x units right now @ 1.3893;
stop loss 1.3842; (it is only 51 pips x2)
target 1.4100; and 1.4200
have a good trading day
:D
No comments:
Post a Comment