The price has reached our 4 hour resistance level and has been bouncing back from that resistance level for the past whole day failing to make a higher high. I am expecting the price to fall down to the 1.0560 level in the coming day or two. I am keeping a close eye on this trade as a bearish hammer has been formed in last 4 hour candle. Lets see how this plays out. I would really appreciate it if you could share your thoughts on this by commenting below letting me know what you think about it. I just do this to share my opinions and thoughts in this community and would love to learn more from everyone.
Disclaimer : Trading CFDs is a high risk activity with the potential to lose all your account funds due to leverage. Please understand the risks involved before deciding to invest. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital. Trade the Forex Market at your own risk. I will not take any responsibility for any losses.
Disclaimer : Trading CFDs is a high risk activity with the potential to lose all your account funds due to leverage. Please understand the risks involved before deciding to invest. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital. Trade the Forex Market at your own risk. I will not take any responsibility for any losses.