After completing of the correction in the markets, we can observe the inverted figure "Head and shoulders" on the 4-hour chart.
Since it has not come to the end, we can locally enter long positions. The MACD and Stochastic indicators confirm the upward movement.
So Take Profit will be placed at the level of 1.2360 and the Stop Loss will be set below the level of 1.23. Also today the producer price index for March will be published. It is better not to enter the market during publication.
Since it has not come to the end, we can locally enter long positions. The MACD and Stochastic indicators confirm the upward movement.
So Take Profit will be placed at the level of 1.2360 and the Stop Loss will be set below the level of 1.23. Also today the producer price index for March will be published. It is better not to enter the market during publication.