Following the bounce of from multi year support level we can expect buyer will try to push to the upside for a retest of the broken support at 1.04000 to confirm the new resistance. _________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________
@MASOOD1364, you shouldn't determine a DIV with shadows. it has to be based on close, 'coz your MACD is based on close!
Roronoaleigh17
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@Roronoaleigh17, i will aim for the 1.07500 Quarter point , my tp1 will be the 1.05000 Qp e 1.07500 will be tp2.
TheTradingDistrict
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Analysis looks great!
TRADiNG_hub
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Yup Agree, Same View
Abewie1
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Good explanation, thanks.
I like your trading strategy
HilgardMuller
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Thank you for your guidance, our thinking process are very much the same, I literally entered this trade at 1.03310. The Non-Farm Employment Change (USD) caused a good bounce and if you were watching it live it also created a good entry point, already in the money so the trailing SL will do the rest for me.