The price is once again rising and reaching our selling area. We prepare to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.
Sell below 0.7244. Stop loss is at 0.7300. Take profit is at 0.7178.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price is once again rising and reaching our selling area. We prepare to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.
Sell below 0.7244. Stop loss is at 0.7300. Take profit is at 0.7178.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: