EUR/USD (1.2715)
DOUBLE BOTTOM ON HOURLY CHART...
Earlier i recommended to go ong in this pair at 1.2788 for the target of 1.2852 the movement of 80 pips, but it couldnt move beyond the stiff resistence of 1.2835. Now on the Hourly chart it formed Double Bottom at 1.2707. From here on put the stop loss at the 1.2707 and go long for the targets of 1.2747 - 1.2772 - 1.2793 and 1.2813. The main and heavy resistence comes at 1.2835. Above the 1.2835 i smell that it can kiss the Double Top price of 1.2879. Hourly RSI is at extremly oversold region.
DOUBLE BOTTOM ON HOURLY CHART...
Earlier i recommended to go ong in this pair at 1.2788 for the target of 1.2852 the movement of 80 pips, but it couldnt move beyond the stiff resistence of 1.2835. Now on the Hourly chart it formed Double Bottom at 1.2707. From here on put the stop loss at the 1.2707 and go long for the targets of 1.2747 - 1.2772 - 1.2793 and 1.2813. The main and heavy resistence comes at 1.2835. Above the 1.2835 i smell that it can kiss the Double Top price of 1.2879. Hourly RSI is at extremly oversold region.
posted by Naveen Pantera at 9:22 PM
<< Home