Buy above 109.27. Stop loss at 108.71. Take profit at 110.28 and 111.66.
Reason for the trading strategy (technically):
Price has bounced nicely above our buying area and reached our first profit target level. The plan today is for us to remain bullish above major support level at 109.27 (Fibonacci retracement, Fibonacci extension, price gap) towards the first target level of at least 110.28 resistance again (Fibonacci retracement, horizontal pullback resistance) before a further rise up to even 111.66 resistance (Fibonacci retracement, horizontal swing high resistance.
Stochastic (55,5,3) is bouncing nicely above our 4.1% support and has good upside potential.
Reason for the trading strategy (technically):
Price has bounced nicely above our buying area and reached our first profit target level. The plan today is for us to remain bullish above major support level at 109.27 (Fibonacci retracement, Fibonacci extension, price gap) towards the first target level of at least 110.28 resistance again (Fibonacci retracement, horizontal pullback resistance) before a further rise up to even 111.66 resistance (Fibonacci retracement, horizontal swing high resistance.
Stochastic (55,5,3) is bouncing nicely above our 4.1% support and has good upside potential.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.