The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero level.
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 0.9500
- Take Profit Level: 0.9620 (120 pips)
- Stop Loss Level: 0.9460 (40 pips)
If the price rebound from resistance level, you should follow recommendations below:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 0.9440
- Take Profit Level: 0.9340 (100 pips)
- Stop Loss Level: 0.9470 (30 pips)
GOLD
According to the recommendations GOLD open short position
USDJPY
Possible long position at the breakout level 123.70
EURUSD
Possible short position at the breakdown level 1.1025
GBPUSD
Possible short position at the breakdown level 1.5570
