The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1450
• Take Profit Level: 1.1570 (120 pips)
• Stop Loss Level: 1.1410 (40 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: 1.1400 (30 pips)
GOLD
Possible long position at the breakdown level 1134.50
USDJPY
Possible short position at the breakdown level 119.20
USDCHF
Possible short position at the breakdown level 0.9570
GBPUSD
Possible long position at the breakdown level 1.5630
