We are currently sitting at the monthly profit target for bulls and this area is where bulls will want to take profit and bears will look for an opportunity to go short and take this down to MPP
H4 chart is telling us that we are coming down and we are coming down from WR1 and we broke support in Asia so maybe we see London buying from 79.95 and then new york takes us down from around 80.47 which will be a role reversal.
On the H1 we can clearly see that support was broken after a double top had formed, being a bear looking to counter trend i want to sell the pullback at around 80.47
About The Post
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.