The price above 20 MA and 200 MA, indicating a growing trend.
Histogram MACD is above the zero level.
The oscillator Force Index is at the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.7960
• Take Profit Level: 1.8140 (180 pips)
• Stop Loss Level: 1.7900 (60 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7900
• Take Profit Level: 1.7800 (100 pips)
• Stop Loss Level: 1.7930 (30 pips)
GOLD
Possible short position at the breakdown level 1100
USDJPY
Possible long position at the breakdown level 122.00
USDCHF
Possible long position at the breakdown level 0.9830
GBPUSD
Possible long position at the breakdown level 1.5420
