Yesterday's upmove signal possible continuation. But price action looks overstretched, thus I would expect at least a pullback, support before any further up move.
Above 1.1780 I will be long bias. Gd to wait for price to pullback to enter. Upper targets/resistance are 1.1854, 1.188. In the unlikely event of strong up move 1.1936 will cap high of day. Low risk sell level.
Below 1.1774, look for shorts to target 1.1746. 1.1726 should cap low of day
Above 1.1780 I will be long bias. Gd to wait for price to pullback to enter. Upper targets/resistance are 1.1854, 1.188. In the unlikely event of strong up move 1.1936 will cap high of day. Low risk sell level.
Below 1.1774, look for shorts to target 1.1746. 1.1726 should cap low of day
Note
Possible rejection off 1.1854 R. Look for pullback to 1.1808 and even furtherNote
Where did price stop? 1.1880, to the pip
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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.