Technical Outlook and Chart Setups:
A 4H chart view is presented here. As depicted above, it looks like 1.4800 is forming bottom for the next up move. For intraday pullbacks 1.4880 should act as support and as long as prices stay above 1.4800 level the structure remains constructive for bulls. Immediate resistance is lined up at 1.5050/60 at the moment followed by 1.5150/60 on the higher side. It is recommended to re-enter buying around 1.4880 -1.4900 levels today. Looking higher from here at least for a short-term period.
Trading Recommendations:
Stay long from positions taken earlier. Stop is below 1.4800. Target is open.
Good Luck!
The material has been provided by Instaforex Company - instaforex.com
For detail explanation and best discovery on market trends you may visit via GbpChf Rally Should Gather Pace. 1.4800 Remains Key Support . Thanks for your support on GbpChf Rally Should Gather Pace. 1.4800 Remains Key Support
No comments:
Post a Comment