EURUSD remain bearish below strong resistance
Sell below 1.0735. Stop loss at 1.0674. Take profit at 1.0776.
Reason for the trading strategy (technically):
Price has reacted off our selling area perfectly. We remain bearish below major resistance at 1.0735 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.0674 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing strong resistance below the 98% level where we expect a drop from.
To read about the daily technical analysis strategies in more detail, you can check them out here : theforexarmy.com/forex-scalping-strategy/daily-technical-analysis/20-april-2017/
They're very useful for forex scalping, day trading and swing trading opportunities.
Reason for the trading strategy (technically):
Price has reacted off our selling area perfectly. We remain bearish below major resistance at 1.0735 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.0674 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing strong resistance below the 98% level where we expect a drop from.
To read about the daily technical analysis strategies in more detail, you can check them out here : theforexarmy.com/forex-scalping-strategy/daily-technical-analysis/20-april-2017/
They're very useful for forex scalping, day trading and swing trading opportunities.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.