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FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
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Price has found it difficult to penetrate and close below the (141.536) Resistance zone. After key components inline with release of news and technical price has successfuly closed below the 141.536 area. Looking for further downside movement in the coming week.
Price currently hovering at the 0.38 fib retracement zone, looking for further bullish price action on this pair as per long term key support and resistance zones on higher time frames on Weekly, Daily. Allow for confirmation of price before entering. Target 61.8 Fib (142.325) following to next Resistance zone 144.507 Stops - no more than %2 of capital risked...
Monthly - bottom zone and Lower Lows Weekly - Sellers have taking over the trend + Strong BEARISH engulfing candle close Daily - Look into entering short next week after a pull back and then re enter. Precise entry on 4HR & 1HR time frames. Risk no more than 2%
The instrument has moved significantly low and we can determine this from the higher time frames on Weekly/Daily and 4hourly. Bears have overtaken the pair by a storm looking for further downside movement from now on till next week. Be causious of fundamental analysis and enter trades once a clear brake has been defined on higher time frames however look on...
Price has gained more strength over the past few days and it looks like bulls have finally taken over. Long Set Up is pending after the pull back. Remember the market moves in a series of Pushes and Exhaustions. We are going to see a Exhaustion before further upside movement. Risk No more than 2% Lets see how this ones goes.