As you can see from the chart back on the 14th September we indicated an upward movement to a key level of resistance where we then predicted this would fall back down and bounce off down to the level of support, which happened nicely. We then saw a small consolidation zone until the buying pressure comes in and this is where we saw the level of resistance get broken. Where this has happened we have seen un upward run from 1.63829, We would like to see this hit a previous high level of resistance and hit our ALERT we have in place which is 1.65265 and we would then look for the confirmation we need to place the sell position.
SELL Entry/Alert: 1.65254
SL: 1.66300
TP1: 1.64583
TP2: 1.63683
TP3: 1.62306
Extended Long Term: 1.61497
Total Pips: 376
Fundamentals:
⚜️EUR = Germany's IFO: it's released by CESifo Group and is loosely watched as an early indicator of current conditions and business expectations in Germany. Positive economic growth anticipates bullish movement for EUR, while a low reading is seen as negative. Predicted to be on a rise that is seen as positive.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0.01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.
SELL Entry/Alert: 1.65254
SL: 1.66300
TP1: 1.64583
TP2: 1.63683
TP3: 1.62306
Extended Long Term: 1.61497
Total Pips: 376
Fundamentals:
⚜️EUR = Germany's IFO: it's released by CESifo Group and is loosely watched as an early indicator of current conditions and business expectations in Germany. Positive economic growth anticipates bullish movement for EUR, while a low reading is seen as negative. Predicted to be on a rise that is seen as positive.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0.01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.