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 1.1150
• Take Profit Level: 1.1270 (120 pips)
• Stop Loss Level: 1.1100 (50 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1100
• Take Profit Level: 1.1020 (80 pips)
• Stop Loss Level: 1.1130 (30 pips)
GOLD
According to the recommendations GOLD open long position
USDJPY
Possible long position at the breakdown level 124.20
USDCHF
Possible short position at the breakdown level 0.9640
GBPUSD
Possible long position at the breakdown level 1.5700
