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UFTUSD Daily S/R| Dynamic S/R| Swing High| Price Action
Long
UFTUSD Daily S/R| Dynamic S/R| Swing High| Price Action
By AzizKhanZamani
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Mar 12, 2021
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Mar 12, 2021
Evening Traders,
Today’s analysis – UFTUSD – trading above its Daily S/R where holding this level will be quite bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High objective
- Oscillators Neutral
UFTUSD’s immediate price action is finding support above its Daily S/.R, confirming a bullish retest will allow for a long bias.
The current objective is the swing high, exceeding this level will greatly increase the probability of a trend continuation.
Both oscillators are trading in the bullish control zones, remaining in these regions is indicative of strength.
Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Michael Carr
Chart Patterns
Technical Indicators
LONG
priceaction
Relative Strength Index (RSI)
short
stocchastics
support
Support and Resistance
trend
Trend Analysis
AzizKhanZamani
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