Price move higher as expected. It is now at resistance level.
Scenario 1: Price break through and close above 4638 - Price will likely going forward to TP2.
Scenario 2: Price help up at resistance and make retracement towards 4560 to 4550 area. If the area holds then it will continue higher towards TP1 and eventually TP2. This is the best scenario since price will have strong based to go higher.
Scenario 3: Price breakthrough and close below support then price will likely targeting area below 4500 and even lower towards 4400.
Let's see the opening on Monday.
Happy trading.
Scenario 1: Price break through and close above 4638 - Price will likely going forward to TP2.
Scenario 2: Price help up at resistance and make retracement towards 4560 to 4550 area. If the area holds then it will continue higher towards TP1 and eventually TP2. This is the best scenario since price will have strong based to go higher.
Scenario 3: Price breakthrough and close below support then price will likely targeting area below 4500 and even lower towards 4400.
Let's see the opening on Monday.
Happy trading.
Transaction en cours
Expecting FCPO to go lower and thus BEARISH. Initial target is 4300 price area. Depending on the price action in that area it might go for as low as 4100.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.