Current territory: Bull
Current Main Momentum: Bull
Current Zone: Bull
Main Resistance Materials: US inflation control, traders selling-off, & lower price demand (Strong)
Main Support Materials: Constituents GOLD prior Overbought MM (Weak)
Issue: Price Consolidation Breakout Direction >
Valid observation:
• Possible bullish pivot point at <>938.12ish (Daily/H4)
• Stop loss <>931.78ish
• Possible price significant excess towards Target 1 at <>951.36ish
Risk to Profit ratio: 1:2
Consensus: Bull 1/2 bias
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
No comments:
Post a Comment