Support - S1 : 184.662 | S2 : 183.303 | S3 : 182.276
Resistance - R1 : 187.048 | R2 : 188.075 | R3 : 189.434
Main Trend - Bullish
Intraday Trend - Bullish
The upward reaction of price from a low of 180.692 has led it up the level of 186.700 which is 74,6 retracement. The upward momentum looks strong, having created the conditions for the upside cross between the EMA (50) and EMA (200).
In the 4H chart of forex technical analysis, you may notice that price moves into the lower channel of the Andrews Pitchfork and very close to the median line.
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:
The area 184.850 – 185.400 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 186.720, 186.950, 187.300, 187.800.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 184.187, 183.850, 183.300, 182.750.
The area 185.800 – 186.000 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 186.450, 186.700, 187.000, 187.300, 187.700.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 185.500, 185.150, 185.000, 184.700, 184.450.
On 1H chart of forex technical analysis, there is a Bearish Harmonic Pattern: Butterfly.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 187.048 | R2 : 188.075 | R3 : 189.434
Main Trend - Bullish
Intraday Trend - Bullish
The upward reaction of price from a low of 180.692 has led it up the level of 186.700 which is 74,6 retracement. The upward momentum looks strong, having created the conditions for the upside cross between the EMA (50) and EMA (200).
In the 4H chart of forex technical analysis, you may notice that price moves into the lower channel of the Andrews Pitchfork and very close to the median line.
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 184.850 – 185.400 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 186.720, 186.950, 187.300, 187.800.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 184.187, 183.850, 183.300, 182.750.
1H Chart
The area 185.800 – 186.000 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 186.450, 186.700, 187.000, 187.300, 187.700.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 185.500, 185.150, 185.000, 184.700, 184.450.
On 1H chart of forex technical analysis, there is a Bearish Harmonic Pattern: Butterfly.
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.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
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