Wait for a correction to 1.1539. | 17 September 2018

Technical observation

For several days now the pair on the daily chart above is still rallying above the support 1.1539,I expect a correction to it for the third time and a rejection of it at the line for possible bullish movement of price towards the resistance zone 1.1872-1.18409, I’m looking to buy this pair at 1.1539 after a rejection at it with my take profit at 1.1849 and stop loss slightly below 1.1539.You can still short this pair within 1.1872-1.18409 in case there’s a rise to it and a rejection within it. Continue long after a breakout above 1.1872-1.18409 followed by a correction to it confirming a further rise in price.

Technical levels

Resistance levels

R1.1.169

R2.1.1756

R3.1.1858

Pivot

1.1655

Support levels

S1.1.1588

S2.1.1554

S3.1.1452

Trade signal

Wait for a correction to 1.1539.

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