09.12.202110:02 विदेशी मुद्रा विश्लेषण और समीक्षा: UDUSD bullish breakout | 9th Dec 2021

On the H4, price has broken out of the descending trendline resistance, signifying bullish momentum. We can expect price to bounce from 1st Support in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is further supported by the EMA period 50 acting as a support.

Trading Recommendation

Entry:0.71247

Reason for Entry:

23.6% FIbonacci retracement

Take Profit: 0.72303

Reason for Take Profit:

61.8% Fibonacci projection and 61.8% Fibonacci retracement

Stop Loss: 0.70957

Reason for Stop Loss:

50% Fibonacci retracement

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Dean Leo,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2022

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