EURUSD rejection on 1.0936 resistance zone

2017年4月26日

EURUSD rejected 1.0936 resistance zone with a long red 4hr candle, as of writing. EURUSD could be heading towards first target of 1.08057 zone. Second target zone is around 1.07596. Third is 1.07145 zone. For your benefit, keep in mind support/resistance are not exact points but are zones.

Risk management can be set at 1.09360 because if prices breaks above this resistance zone, it will invalid this downtrend analysis.

2017年4月26日

註釋

Note: targets are found using Fibonacci retracement.

2017年4月28日

註釋

prices almost hitting resistance zone 1.09360 before going downwards. as of writing it is at 1.08631. High probably of EURUSD trending downwards to 1.08057.

2017年4月28日

交易結束：達到停損點

EURUSD triggered by cut loss order at 1.0936. Trade Closed.