Daily up trend line has been broke , so falling down till support
level will be expected at the next week
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Daily up trend line has been broke , so falling down till support
level will be expected at the next week
as we can see ih the hourly shart i thibk the pair want to makee the up trend the rsi have crosse the 50 level the macd has crosee the 0 level to up in my opinion we can choose on ly bay order from ather small timeframes
the pair and as we can see from the chart has closed it's daily candle under the level of 0.7200 , so , that's mean the down trend is still standing and the pair is heading to 0.7130 then 0.7100
the trading has ended with the pair under the level 0.7100 and that's will make the movement continue in down trend to reach 0.7035 , and then the selling is suggested with a suitable stop loss level and targets equal 30 pips .
The price is trying to penetrate the resistance level at 0.7082 and I expect the climb to the top and the target 40 points
If a M15 close above 0.7220 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7100 sell only and do not buy. If price closes back above it again do nothing
The range 0.7220 and 0.7100 is neutral area, any trade done in between is personal decision and not part of this analysis
we can see that the pair has failed in breaking 0.7150 and bounced from it to reach 0.7130 , so that's mean the down trend is expected and the pair might head to 0.7100 and then 0.7070
If a M15 close above 0.7220 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7150 sell only and do not buy. If price closes back above it again do nothing
The range 0.7220 and 0.7150 is neutral area, any trade done in between is personal decision and not part of this analysis
we can see that the pair has failed in breaking 0.7150 and bounced from it to reach 0.7130 , so that's mean the down trend is expected and the pair might head to 0.7100 and then 0.7070
If a M15 close above 0.7200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7150 sell only and do not buy. If price closes back above it again do nothing
The range 0.7200 and 0.7150 is neutral area, any trade done in between is personal decision and not part of this analysis