The 1h chart produced a full GMMA rollover, additionally a neat Down channel born. A messy HS could be the outcome over the next days, ill keep you updated about the HS.
Stay safe, trade safe. Cheers DB
İşlem kapandı: hedefe ulaştı
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Forgot to update, my targets at 1.3280 have been reached.
@DeepBlue-FX, we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.339.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3445.
TP4: R2=1.3465.
Set the stoploss of these orders at breakout of S2=1.337.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.337.
In this situation, there is an expectation to reach the target S3=1.3295.
Set the stoploss of reverse orders at breakout of S1=1.339.
DeepBlue_FX
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@ForecastCity, Good Luck with this ;-) I fear your stop is a bit close... better safe then regret!