SL @  1.2990

TP1 @ 1.3190

TP2 @ 1.3315

TP3 @ 1.3433

All analysis is based on the 4 hour chart

Last price: 1.3150

SL @  0.8510

TP1 @ 0.8355

TP2 @ 0.8292

TP3 @ 0.8180

All analysis is based on the 4 hour chart

Last price:  0.8394

Forex Trading

SL @ 0.9230

TP1 @ 0.9075

TP2 @ 0.9025

TP3 @ 0.8940

According to the daily chart the pair have reached the top level and is heading downwards.

All analysis is based on the Daily  chart.

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Entry Level: 0.9135

The pair has been  trending downwards and has made a small retracement upwards.

We want to enter the main trend which is still downwards but first wait for a confirmation the trend continues.

The entrance point is located below the last bottom the pair has made on the 4 hour chart.

More aggressive traders could try and short the pair from its current location but they should be advised the retracement upwards might continue higher and a SL of above 1.6170 is recommended for such traders.

 The RSI is near 50 in neutral territory.

SL is located above the last top the pair has made yesterday and above the 100 period moving average which is likely to act as a resistance for the pair.

TP’s are located  slightly above the support levels the pair has.

All analysis is based on the 4 hours chart.

Current rate: 1.6075

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