A very low probability, entry signal to go LONG was given at 0.77726 after the market completed a bear trap reversal pattern. Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances 0.77578 0.77737 0.77234 0.77868 0.77058 0.78044
H4 CHART
A low probability, entry signal to go LONG was given at 0.77726 after the market found support at 0.77215 . Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances 0.77552 0.77708 0.77119 0.78044 0.75630 0.78522
DAILY CHART
The market is approaching the resistance at 0.78193 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.79418 level.
Support & Resistances 0.77879 0.78193 0.76654 0.79418 0.75630 0.80442
WEEKLY CHART
Waiting for a retracement lower towards the 0.74128 support level, in order to reinstate LONG positions. Next important support is the 0.69903 level.
Support & Resistances 0.74128 0.78193 0.69903 0.80846 0.55060 0.87733
Handel aktiv
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Target 1 at 0.78522 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.77726 . Provided the market conditions will remain the same Target 2 will be reached soon.