price has been moving up from 1.226 since the beginning of February 2018 and reached resistance at 1.3113. Its a new month and we have new monthly pivots. the sell zone for a bear is between 1.2941 and 1.3010 with the target of 1.2620.
Here we can see the range that formed last week and we are currently still range bound. As a bear i do not want to sell anywhere near the wm2 and the mm2 cluster that is where bulls are waiting to get in. Patience and discipline is key, its better to wait and let price break out of its range.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I have been operating in the markets since 2016 and still learning everyday analysing the markets and entering trades only when conditions are met. I am a full time trader and market analyst using technical and fundamental analysis, I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking for ways to improve my skills as a professional and consistent investor for above average returns building a track record of success in the markets.