The bull market is continuing. The price has already reached the target zone №1 1.19638-1.19534 and it is going to the target zone №2 1.20678-1.20574. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.18700-1.18596. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.
Trading recommendation:
It’s recommended to try to have a long position near the control resistance zone 1.18700-1.18596 (115 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.
The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.
All zones are constructed on the basis of data from the CME futures market.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
EURUSD 30.11.2020
Medium-term trend: Bullish
The bull market is continuing. The price has already reached the target zone №1 1.19638-1.19534 and it is going to the target zone №2 1.20678-1.20574. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.18700-1.18596. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.
Trading recommendation:
It’s recommended to try to have a long position near the control resistance zone 1.18700-1.18596 (115 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.
The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.
All zones are constructed on the basis of data from the CME futures market.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023GOLD 14.07.2023
14 July 2023Categories
Tags