Analysis of new financial markets
By zts method
Analysis based on Fibonacci and Smart Money patterns
In this currency pair, our trend is a downward trend, so we are looking for sell orders
Now the price is in the range of 1.9312. In terms of attractiveness, the range is not so attractive for selling. I expect the price to reach the range of 1.9620, then it will be attractive for selling.
Personally, I will wait for the price to reach that range and if it is confirmed, I will be a market seller with a loss limit of 1.9970 and a profit limit of 1.8602.
Please follow the capital management
Traders, if you like this idea or if you have any comments about it, I would be happy to write your comments.
By zts method
Analysis based on Fibonacci and Smart Money patterns
In this currency pair, our trend is a downward trend, so we are looking for sell orders
Now the price is in the range of 1.9312. In terms of attractiveness, the range is not so attractive for selling. I expect the price to reach the range of 1.9620, then it will be attractive for selling.
Personally, I will wait for the price to reach that range and if it is confirmed, I will be a market seller with a loss limit of 1.9970 and a profit limit of 1.8602.
Please follow the capital management
Traders, if you like this idea or if you have any comments about it, I would be happy to write your comments.