For Monday, I am interested in this four levels
First and foremost the important level is 1.15495 for buying, if we are to have a bullish month, 1.15495 is a must hold support.
The moment we take out 1.15353 support or last month's low, bears will automatically have upper hand on a monthly basis
For Monday, I will be buying at 1.15495 targeting 1.17227(keep in mind ATR has been increased, be careful of your trades and entries). This trade is valid if and only if we don't take out Friday's low. The moment we take out Friday's low, the buy target will be reduced to 1.16575-1.16700. Then we can sell from these levels.
If Friday's low is taken out, then I will add another buy at 1.15026.
In all, bulls have a chance but only if we don't take out Friday's low. If we don't, then I expect price to engulf Friday's candle.
Have a successful trading week ahead.
First and foremost the important level is 1.15495 for buying, if we are to have a bullish month, 1.15495 is a must hold support.
The moment we take out 1.15353 support or last month's low, bears will automatically have upper hand on a monthly basis
For Monday, I will be buying at 1.15495 targeting 1.17227(keep in mind ATR has been increased, be careful of your trades and entries). This trade is valid if and only if we don't take out Friday's low. The moment we take out Friday's low, the buy target will be reduced to 1.16575-1.16700. Then we can sell from these levels.
If Friday's low is taken out, then I will add another buy at 1.15026.
In all, bulls have a chance but only if we don't take out Friday's low. If we don't, then I expect price to engulf Friday's candle.
Have a successful trading week ahead.
Risk comes from not knowing what to do
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