As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2865.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.278.
TP4: S2=1.276.
Set the stoploss of these orders at breakout of R2=1.289.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in...