The price above 20 MA, indicating a growing trend.
The MACD is above the zero level, average came out of the histogram.
The oscillator Force Index is above the zero level.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.7160
• Take Profit Level: 0.7260 (100 pips)
• Stop Loss Level: 0.7130 (30 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.7110
• Take Profit Level: 0.7020 (90 pips)
• Stop Loss Level: 0.7140 (30 pips)
GOLD
Possible short position at the breakdown level 1083.70
USDJPY
Possible long position at the breakout level 123.60
EURUSD
Possible short position at the breakdown level 1.0670
GBPUSD
Possible short position at the breakdown level 1.5160
