Fri 23 Oct we had a down move, supported and a rally to close the day. However price is overextended and according to price action, we should see another pullback.
Below 1.1836 go short, target 1.18080-14. 1.1780 will act as strong support, thus I expect a strong bounce from there. If support breaks, 1.1758 should offer low risk buy level.
Above 1.1850 can be a level to go long, targeting 1.18860 and 1.1896. 1.1914-24 zone should offer strong resistance, capping the high of day and offering low risk sell level
Below 1.1836 go short, target 1.18080-14. 1.1780 will act as strong support, thus I expect a strong bounce from there. If support breaks, 1.1758 should offer low risk buy level.
Above 1.1850 can be a level to go long, targeting 1.18860 and 1.1896. 1.1914-24 zone should offer strong resistance, capping the high of day and offering low risk sell level
Note
See how price nicely closed below 1.1836 and get re-tested and rejected.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.