Source: Forex Analysis
Price has almost reached our profit target since yesterday. Today we play a bigger rise up to 0.7207 which is the inverse head and shoulder bullish exit potential. Our first take profit level would be 0.7178 which is a fibonacci retracement level to be wary of.
We can see that RSI is holding well above our ascending support line which supports this bullish rise we’re expecting.
Trading Recommendations :
Buy at 0.7075 pullback or above it
Stop loss at 0.7015
Take profit at 0.7178
Take final profit at 0.7207
The material has been provided by InstaForex Company – www.instaforex.com