This can be looked for in an area of potential resistance taken from prior support; and a response from sellers to show resistance at this zone can re-open the door for short-side strategies in the pair.
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This zone is set up for the area between. Last week , I had looked at the bigger-picture range in the pair , focusing on support from 1.
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For this setup, I first want to see prices break-out of the 1. Any evidence of higher-low support after that fact opens the door for topside setups in the pair, targeting the 1. Are you looking for longer-term analysis on the U.
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DailyFX offers a plethora of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Contact and follow James on Twitter: DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. FX Publications, Inc.
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