Hi Everyone! This will be my first post. We will see how it goes and if i like the format i will keep making weekly analysis!
Please understand I am in no way, shape, or form giving investment advice. I am simply stating what i believe will happen based on the tools i have developed over my years trading to predict the market.
With that being said:
We saw a strong reaction off my Yearly Level and since then I have been bearish in the market.
I managed to get an entry earlier today during the London session.
Entry: 1.1928
7 pips from the high!
My targets are as follow:
Target 1: 1.1860 ✓
Target 2: 1.1820
Target 3: 1.1780
Target 4: 1.1720
Take Profit: 1.1650
I believe there will be a strong rejection around the 3rd target. Depending on that reaction I might either hold on or take my profits.
Feel free to leave any questions or comments!