The price has continued to shoot up and reached our profit target as expected. We prepare to sell below major resistance at 0.7683 (Fibonacci retracement, horizontal swing high resistance) for a push down to 0.7632 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing strong resistance below the 93% support level where we expect a reaction from.
Sell below 0.7683. Stop loss is at 0.7703. Take profit is at 0.7632.
The material has been provided by InstaForex Company - www.instaforex.com
No comments:
Post a Comment