14.10.202106:15 Forex Analysis & Reviews: EURUSD short-term bullish pressure | 14th Oct 2021

We can see that price is abiding by the descending trendline resistance, however, price broke through a intermediate descending trendline resistance and hence, we can expect price to make a small bullish push up. We can expect price to push up from 1st Support in line with 61.8% Fibonacci projection towards the 1st Resistance in line with 38.2% Fibonacci Retracement and 61.8% Fibonacci projection. Our short-term bullish bias is further supported by the RSI indicator where it is abiding to a ascending trendline.

Trading Recommendation

Entry: 1.15253

Reason for Entry:

61.8% Fibonacci Projection

Take Profit: 1.16850

Reason for Take Profit:

61.8% Fibonacci projection and 38.2% Fibonacci Retracement

Stop Loss: 1.14947

Reason for Stop Loss:

Graphical overlap support, 100% Fibonacci projection

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Dean Leo,
Pakar analisis InstaForex
© 2007-2022

Lihat lebih banyak artikel dari penulis ini

Kembali ke daftar

Tanya penulis

Langganan E-mail

Manfaat dari rekomendasi para analis saat ini

Akun trading teratas

Buka akun trading

Tinjauan analitis InstaForex akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaForex, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

Daily Video Analysis: USDJPY, H4 Bearish Breakout Opportunity

Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

USDJPY Potential For Bearish Continuation | 24th May 2022

On the H4, with prices moving below the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.099 where the 38.2% Fibonacci retracement and horizontal overlap resistance is to our 1st support at 126.988 in line with the 78.6% Fibonacci projection and.

GBPUSD Potential For Bullish Continuation | 24th May 2022

On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.25009 where the horizontal overlap support is to our 1st resistance at 1.26243 in line with the 78.6% Fibonacci projection and horizontal swing high resistance..

Tampilkan lebih banyak