Nice trading plan for you | 20 Februari 2017

20 Februari 2017, EUR/USD

Daily chart: keep monitoring two oncoming Over&Under patterns - bullish one from around 1.0574 and bearish from around 1.0760 (see purple arrow trajectory). Both patterns may be promising considering relatively small risks and good risk-to-reward ratio. That's why those traders who use limited orders may set corresponding buy or sell limits on specified regions right after opening.

Nice trading plan for you

Н4: as we may see patterns are mirrored locally, that, obviously, is a sign of validation and increased chance of breakout. Rapid rise is likely up to 1.0814, there we can also see local bearish O&U.

Nice trading plan for you

Н1: little more localized support level in 1.0565 region. Resistance level at 1.0643 (middle Bollinger band) allows us intraday selling aiming at 1.0574.

Nice trading plan for you

Expectations: touch at 1.0643 followed by decline to 1.0565, and then start of mid-term rise towards 1.0770-1.0814,

Solutions:

1. Consider selling from 1.0643 to 1.0574

2. Consider buying from 1.0565 to 1.0770

3. Consider limited selling from 1.0770-1.0814

Aleksey Panasenko
Analis perusahaan "FreshForex"
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.