potential swing trade for next week
price has reached the bears profit target for the month at MS2 (0.7322) and printed a double bottom on the H4
bears are probably getting out of their shorts as we can see on the H4 with a double bottom. bulls will wait for a higher high and enter the pull back on the H4 chart, trading this pair back up to the monthly pivot point. this trade plan could come into fruition next week with the new pivots coming in on Sunday and be our swing trade for the week.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.