We keep this analysis simple by looking at the higher time frame and identifying our resistance as around 1.42, while our support is 1.21. Price has been ranging between these two price levels. We see that there is a supply level at 1.34, and we have to wait to see if the price will break above 1.345 either on Wednesday or after NFP next month.
Entry price with pending orders
Buy stop 1.34500
Take profit 1.40
Disclaimer: Not a trading advice, for educational use only. Trade it on demo
If you like my analysis, please give it a boost or let me know how you want to trade it in the comment section.
Entry price with pending orders
Buy stop 1.34500
Take profit 1.40
Disclaimer: Not a trading advice, for educational use only. Trade it on demo
If you like my analysis, please give it a boost or let me know how you want to trade it in the comment section.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.