As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.652. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.656. TP4: R2=0.6575. Set the stoploss of these orders at breakout of S2=0.6505. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6495. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.654. TP4: R2=0.657. Set the stoploss of these orders at breakout of S2=0.648. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6575. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.661. TP4: R2=0.664. Set the stoploss of these orders at breakout of S2=0.656. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Midterm forecast: While the price is below the resistance 1.7820, beginning of downtrend is expected. We make sure when the support at 1.7380 breaks. If the resistance at 1.7820 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: Price is in the Trend Hunter Sell Zone (1.7480 to 1.7705). We would set sell orders...