Forex analysis review |
- EUR/USD approaching resistance, potential drop!
- GBP/USD approaching resistance, potential reversal coming!
- USD/JPY near key support, a bounce is possible!
| EUR/USD approaching resistance, potential drop! Posted: 26 May 2019 07:12 PM PDT
Price is approaching our first resistance level. Entry : 1.1227 Why it's good : 76.4% Fibonacci retracement, descending resistance line, 61.8% Fibonacci extension Stop Loss : 1.1266 Why it's good : horizontal swing high resistance Take Profit : 1.1180 Why it's good : 38.2% Fibonacci retracement, horizontal overlap support
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| GBP/USD approaching resistance, potential reversal coming! Posted: 26 May 2019 07:10 PM PDT
GBPUSD approaching resistance, potential reversal coming! Description : Price is approaching our first resistance where we might see a corresponding drop in price. Entry : 1.2740 Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension Stop Loss : 1.2825 Why it's good : 38.2% Fibonacci retracement, Horizontal swing high resistance Take Profit : 1.2605 Why it's good : Horizontal swing low support, 76.4% Fibonacci retracement
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| USD/JPY near key support, a bounce is possible! Posted: 26 May 2019 07:07 PM PDT |
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