STAGE 1: A small correction has occurred along with the prevailing trend.
The correction shows continuous signs of weakness and it is not expected that it will become significant later.
Therefore, the market's price is expected to continue on a large supply.
Moreover, the RSI is currently hitting a trend-line, tested and re-tested multiple times before.
Our predictions is that price will trend to the 1.1523 area and later return with a large demand to the previous Major High.
Enter: 1.16040
Stop-Loss: 1.16530
Target: 1.15230
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- John Wood.
Have a Successful-Trading, reader!
The correction shows continuous signs of weakness and it is not expected that it will become significant later.
Therefore, the market's price is expected to continue on a large supply.
Moreover, the RSI is currently hitting a trend-line, tested and re-tested multiple times before.
Our predictions is that price will trend to the 1.1523 area and later return with a large demand to the previous Major High.
Enter: 1.16040
Stop-Loss: 1.16530
Target: 1.15230
-
- John Wood.
Have a Successful-Trading, reader!
Note
Sorry readers, I accidentally forgot to mark the Stop-Loss area in the chart.
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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.
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.