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...