Hi Traders!
The market is in an uptrend.
As you can see it started in the beginning of February and moved around 216 pips until now.
Now it is in a channel and in a retracement move simultaneously.
If we use the Fibonacci Retracement tool we detect that the market reached the 38.2% of Fibonacci.
In addition this area is a support too.
The target is at the top of the movement at around 0.98500.
We recommend to buy the breakout of the channel!
Thanks and good luck :)!
The market is in an uptrend.
As you can see it started in the beginning of February and moved around 216 pips until now.
Now it is in a channel and in a retracement move simultaneously.
If we use the Fibonacci Retracement tool we detect that the market reached the 38.2% of Fibonacci.
In addition this area is a support too.
The target is at the top of the movement at around 0.98500.
We recommend to buy the breakout of the channel!
Thanks and good luck :)!
Nota
Look at the wedge from where the market broke out!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.