On Friday, the previous week, our stop was taken out when the price went higher than we expected, . After this momentum to the upper side, the cable could not go beyond the 4 hour resistance level 1.40890. This is a potential sellers territory and as long as the price remains below it, we expect a possible sell position from this level. Should the price break above it, then we'll wait for a pullback to the just broken zone to pick a long position with an ultimate target at 1.42500. On the hourly chart above, we're still into sell position.
Trade Recommendations:
Wait for sell signal to short this pair towards 1.3985. Alternatively, while the price is above 1.40890, look for a buy position.
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .