The price above 20 MA and 200 MA, indicating a growing trend.
MACD is above the zero line.
The oscillator Force Index is above the zero line in correction.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1,1470
• Take Profit Level: 1,1650 (180 pips)
• Stop Loss Level: 1,1410 (60 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1,1370
• Take Profit Level: 1,1270 (100 pips)
• Stop Loss Level: 1,1670 (30 pips)
GOLD
Possible long position at the breakout level 1232
USDJPY
Possible long position at the breakout level 119.92
USDCHF
Possible long position at the breakout level 0.9256
GBPUSD
Possible short position at the breakdown level 1.5690
