We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price.
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
No comments:
Post a Comment