As we can see price receive strong support zone that formed here and we expect again rise or even once again pumping market from this support zone .
Why strong support zone :
1.correction was about 0.5% of previous rise and here we can see market get strength once again
2.20MA is touching and that is extra strength too
Targets:
A. 1.4$
B. 1.6$
C. 2.0$
D. 2.4$
Notice if last support on 0.61% of Fibonacci that mentioned with green rectangle on chart failed too then we would expect more falling to previous resistance that is around 0.6 and now is strong support
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Why strong support zone :
1.correction was about 0.5% of previous rise and here we can see market get strength once again
2.20MA is touching and that is extra strength too
Targets:
A. 1.4$
B. 1.6$
C. 2.0$
D. 2.4$
Notice if last support on 0.61% of Fibonacci that mentioned with green rectangle on chart failed too then we would expect more falling to previous resistance that is around 0.6 and now is strong support
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
My Free telegram channel:
t.me/mmbtchannel
VIP channels:
Forex:+400 Pips and Crypto +245% monthly PROFIT VIP CHANNELS.
check the pinned message in telegram for more info and plans.
t.me/mmbtchannel
VIP channels:
Forex:+400 Pips and Crypto +245% monthly PROFIT VIP CHANNELS.
check the pinned message in telegram for more info and plans.