Support - S1 : 185.951 | S2 : 185.379 | S3 : 184.317
Resistance - R1 : 187.585 | R2 : 188.647 | R3 : 189.219
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis you can observe that price proceed to a 50% retracement and finally close on Friday between EMA(50) and EMA(200), which have an upward cross between them. The exchange rate moves within an upward channel (black lines) and at the same time at the upper channel of Andrew's Pitchfork (blue lines).
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 187.445 – 187.800 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 188.450, 188.800, 189.150, 189.500, 190.000.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 186.000, 185.400, 184.900, 184.400, 184.000.
The area 186.837 – 186.952 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 187.300, 187.600, 187.800, 188.000, 188.300.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 186.000, 185.650, 185.000, 184.500, 184.300.
There are Bullish Harmonic Patterns, on the 4H chart: White Swan and on the 1H chart: A Gartley.
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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Resistance - R1 : 187.585 | R2 : 188.647 | R3 : 189.219
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis you can observe that price proceed to a 50% retracement and finally close on Friday between EMA(50) and EMA(200), which have an upward cross between them. The exchange rate moves within an upward channel (black lines) and at the same time at the upper channel of Andrew's Pitchfork (blue lines).
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 187.445 – 187.800 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 188.450, 188.800, 189.150, 189.500, 190.000.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 186.000, 185.400, 184.900, 184.400, 184.000.
1H Chart
The area 186.837 – 186.952 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 187.300, 187.600, 187.800, 188.000, 188.300.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 186.000, 185.650, 185.000, 184.500, 184.300.
There are Bullish Harmonic Patterns, on the 4H chart: White Swan and on the 1H chart: A Gartley.
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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