09 Maret 2018, EUR/USD
Technical observation
A breakout was seen when the price broke out above (1.2215-1.2184) and is currently above, just now, the price is pulling back to the same zone which had three previous retracements to it .we’re waiting for a clear rebound from this zone to pick long positions with an ultimate target at 1.2155.As long as the price is above 1.76235, we’re waiting for a clear buy signal. The ideal it to place a pending buy limit around (1.2215-1.2184) with your stop los way below 1.2133.Only sell if the price clearly breaks out below 1.2184 with a big red candle. If there’s a breakout above 1, 2155,continue long after a correction to it.
Technical levels
Resistance levels
R1.1.2367
R2.1.2398
R3.1.2479
Pivot
1.2320
Support levels
S1.1.2287
S2.1.238
S3.1.2157
Trade signal
Place a pending buy limit around (1.2215-1.2184) with your stop los below 1.2133.