Support - S1 : 1.5334 | S2 : 1.5242 | S3 : 1.5175
Resistance - R1 : 1.5493 | R2 : 1.5560 | R3 : 1.5652
Main Trend - Bullish
Intraday Trend - Bullish
Price from the low level of 1.5106 proceeds to a reaction up to the level of 1.5426 which is 61.8% retracement. Observing the 4H chart of forex technical analysis, we will see that price is moving within the lower channel of Andrew's Pitchfork and near to the median line and above EMA(50) and EMA(200).
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 1.5221 – 1.5350 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.5465, 1.5500, 1.5550, 1.5580.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.5275, 1.5240, 1.5210, 1.5170, 1.5130.
The area 1.5402 – 1.5417 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.5465, 1.5485, 1.5520, 1.5570, 1.5620, 1.5650.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.5380, 1.5345, 1.5310, 1.5295.
There is no Harmonic Patterns.
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 : 1.5493 | R2 : 1.5560 | R3 : 1.5652
Main Trend - Bullish
Intraday Trend - Bullish
Price from the low level of 1.5106 proceeds to a reaction up to the level of 1.5426 which is 61.8% retracement. Observing the 4H chart of forex technical analysis, we will see that price is moving within the lower channel of Andrew's Pitchfork and near to the median line and above EMA(50) and EMA(200).
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 1.5221 – 1.5350 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.5465, 1.5500, 1.5550, 1.5580.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.5275, 1.5240, 1.5210, 1.5170, 1.5130.
1H Chart
The area 1.5402 – 1.5417 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.5465, 1.5485, 1.5520, 1.5570, 1.5620, 1.5650.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.5380, 1.5345, 1.5310, 1.5295.
There is no Harmonic Patterns.
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.
No comments:
Post a Comment