1-Investments in financial products such as-trading foreign exchange -FOREX- on margin carries a high level of risk, and may not be suitable for all investors, the high degree of leverage can work against you as well as for you, before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite,any investment should only be done with risk capital.
2-Prices rise and fall and my past performance is no assurance of future performance.
3-I have no warranties or guarantees for my recommendations ,so I'm not responsible for any losses caused by them, you are free to follow them or not but I recommend to use my analysis as an additional tool to your trading style for more confirmations...
1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- If the market rallies into resistance levels , a sell-off is expected.
3- If the market sells-off into support levels, a rally up is expected.
4-I highly recommend using divergences techniques, to find possible turning point during the week!
Recommendations: SHORT positions below 1251 with 1209 & 1180 as next target.
Alternative scenario:The upside breakout of 1251 will call for a rebound to 1277/1289.
Description:The weekly break below 1251 levels will build pressure on 1209 ahead of 1180 levels, sustained trading below 1180 will open 1122 ahead of 1000 levels.On the upside , break of 1251 will open 1277 ahead of 1289 levels , but upside above 1251 is likely to be…
Recommendations: LONG positions above 0.9000 with 0.9100 & 0.9200 as next target.
Alternative scenario:The downside breakout of 0.9000 will call for a side to 0.8900/0.8800.
Description: The pair printed a temporary support around 0.9000 levels, stability above this level will build pressure on the 0.9100/0.9200 levels, break of 0.9200 levels will confirm support at 0.8988 and bring strong rise towards 0.9300/0.9400 levels. On…
Recommendations: LONG positions above 101.90 with 103.75 & 104.80 as next target.
Alternative scenario:The downside breakout of 101.90 will call for a slide to 100.90/99.90.
Description: With the key support 101.90 intact, further rise towards 103.75 is suggested , break of 103.75 will aim 104.80 levels , further out will aim the 105.80 levels .On the downside , losing the key support 101.90 would weaken the current bullish run…