Support - S1 : 1.5714 | S2 : 1.5682 | S3 :
1.5656
Resistance - R1 : 1.5773 | R2 : 1.5799
| R3 : 1.5831
Main Trend -
Bullish
Intraday Trend -
Bearish
Considering all the details from the charts of forex
technical analysis we can detect all critical levels and trading targets
for H1 and H4 timeframes:
4H Chart
The area 1.5720 –
1.5750 is a neutral zone.
Bullish scenario : If price moves
upwards and close above the neutral zone, then the upward trading targets will
be : 1.5820, 1.5895, 1.5960, 1.6020, 1.6070,
1.6125.
Bearish scenario : If price
moves downwards and close below the neutral zone, then the downward trading
targets will be : 1.5608, 1.5535, 1.5415, 1.5317, 1.5190.
1H Chart
The area 1.5726 –
1.5741 is a neutral zone.
Bullish scenario : If price moves
upwards and close above the neutral zone, then the upward trading targets will
be : 1.5766, 1.5786, 1.5830, 1.5850.
Bearish
scenario : If price moves downwards and close below the neutral zone,
then the downward trading targets will be : 1.5700, 1.5670, 1.5620,
1.5540.
Using the above elements of forex
technical analysis, everyone can plan his own personal forex
trading strategy . We note the need to use stop loss levels.
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