According to the chart, the periceaction shows that there is good chance for pairs to go up side. Entery price, stop loss and take profit are clear. Good luck
today I take a look on eur/usd. eur/usd has broken an important area as resistance, my current view is that eur is getting more powerful.
Based on correction in oil price it is possible to buy Loonie in better price. I am looking for price action in favar of Loonie at resistance area.
AS we saw the oil price had struggle to go upward and I think we gonna see correction of price for this instrument. lockdown is not right on table and the price can easily support to go for touch new high. This analysis will be updated.
According to the situation EUR is still weak but in technical perspective possible to look for a buy possition. #EURCHF
we have rate hick in this pair and right now is good time to set a buy possition on gbpjpy and enjoy the impulse.
according to the situation i expect a recovery from newsland dollar and fundamental analyasis support my view.
waiting for price goes down then identify good place to set your posion based on fib level to long. stop lost must be put under the last low price which got shown.
if the pair currencies go up and show weakness we will look for short but, if it keep going down side waiting for a long in support area of 4h or fibo levels.
supper important area from mounthly pespsctive. I personly think a correction for pair currencies is possible. Waiting for conformation based on your trade-system.
possible to ret then try to test the last high. In 4h our daily time frame try to find a place for set a long position.