We used the theory of price action in order to conduct this analysis so that we could guide our decision-making process.
Based on the results of this analysis, we can see that the price fell with a double top. This move continued at 1198.29. In this range, the price is in a consolidation phase but is still in a consolidation phase. We use the Fibonacci level to mark support & retracement. The price has held resistance for a long time. If it fails to break the resistance, the price moves to the downside near 1218.23 & 1150.75. If the price breaks the resistance, the price can move up against resistance near 1251.47 & 1275.24.
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
Based on the results of this analysis, we can see that the price fell with a double top. This move continued at 1198.29. In this range, the price is in a consolidation phase but is still in a consolidation phase. We use the Fibonacci level to mark support & retracement. The price has held resistance for a long time. If it fails to break the resistance, the price moves to the downside near 1218.23 & 1150.75. If the price breaks the resistance, the price can move up against resistance near 1251.47 & 1275.24.
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers.
