EURUSD - October 2017 Trade Analysis
Timeframe: 1M
Expecting uptrend to continue toward 1.1910 - 1.2037 levels considering that 1.1744 - 1.1712 support levels hold.
Expect downtrend to begin as price falls below above support levels.
Firm break and hold of 1.1744 - 1.1712 levels will open path toward 1.1612 level.
In longterm, October, 2017 price range expected between 1.1900 - 1.1540 on average.
Closing price at end of month expected @ 1.1720 levels.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1M
Expecting uptrend to continue toward 1.1910 - 1.2037 levels considering that 1.1744 - 1.1712 support levels hold.
Expect downtrend to begin as price falls below above support levels.
Firm break and hold of 1.1744 - 1.1712 levels will open path toward 1.1612 level.
In longterm, October, 2017 price range expected between 1.1900 - 1.1540 on average.
Closing price at end of month expected @ 1.1720 levels.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment:
Strong Resistance @ 1.1660 so watch closely. Firm break can lead to 1.1620 - 1.1612 levels
Comment:
1.1815 level. Only Break & Hold above can bring Reverse upward.
Trade active
Comment:
T/P
Target 1 @ 1.1663
Target 2 @ 1.1615
Ext. Target @ 1.1565
Target 1 @ 1.1663
Target 2 @ 1.1615
Ext. Target @ 1.1565
Comment:
Support @ 1.1712 has breached several times, giving me indication that bearish trend still strong for decline toward above T/P levels. - IMO
Trade closed manually:
T/P @ 1.16889 to start plan for NFP trade
Total P/L = 13.5 PIPS
Total P/L = 13.5 PIPS
T/P @ 1.16206
Total Target = 81.8 pips