Disneyland is closed. Cult vacation spots were the last American institutions closed due to the coronavirus pandemic. Although no COVID-19 cases have been reported at Disneyland Resort, after careful review of the California Governor's executive order and in the interests of the park's guests and staff, the company closes Disneyland from the morning of March 14 to the end of the month.
Disney, H4
Pivot: 97.25
Analysis:
Provided that the asset is being traded below 97,25, follow the recommendations below:
The timeframe: H4
Recommendation: long position
Entry point: 97.25
Take Profit 1: 118.40
Take Profit 2: - 124.40
Alternative scenario:
In case of breakdown of the level 80.50, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 80.50
Take Profit 1: 74.80
Take Profit 2: 69.20
Comment:
RSI shows the trade level. The bear rally is probably over. The asset trades near the powerful key level 91.51, from which the price has repeatedly bounced and showed good growth.
Key levels:
Resistance
Support
124.5
74.8
118.4
69.2
108.1
63.6
Disney, D1
Pivot: 108.10
Analysis:
While the price is below 108.10, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 108.10
Take Profit 1: 128.57
Take Profit 2: 152.31
Alternative scenario:
If the level 89.63 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 89.63
Take Profit 1: 74.80
Take Profit 2: 69.20
Comment:
As long as the asset is being traded near the key level 91.51, there is a risk that in the medium term the price may test this level and make a false breakdown, after which it will go up.
Key levels:
Resistance
Support
124.5
74.8
118.4
69.2
108.1
63.6
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...