Expecting a movement in reaction to the key levels identified on the above chart analysis. Following this trade, expect a reaction to the resistance level marked in blue (4HR Resistance) for a short-entry. Swing trade analysis is provided below as an attatchment.
Forex is a highly leveraged product. Trading Forex carries a high level of risk due to the used leverage which can work both to an advantage as well as disadvantage. As a result, trading Forex may not be suitable for all investors due to potential loses of an invested capital. This is not financial advice, but simply an opinion. Follow your analysis, and trade safely. Manage your risk; happy trading!
Forex is a highly leveraged product. Trading Forex carries a high level of risk due to the used leverage which can work both to an advantage as well as disadvantage. As a result, trading Forex may not be suitable for all investors due to potential loses of an invested capital. This is not financial advice, but simply an opinion. Follow your analysis, and trade safely. Manage your risk; happy trading!
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