The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Technical outlook:
The 4H chart presented here might start indicating a potential trend reversal for EUR/USD. It is too early to confirm the same, but aggressive traders should get prepared to go on the long side. Counting shorter time frame waves (1 hour), you can find out that a 5 waves rally could be completed between 1.1180 and 1.1274 levels, respectively. Ideally, there should be a corrective drop towards the 1.1213/20 levels before the rally resumes further. We have projected the Fibonacci potential support and resistance levels on the chart here to indicate potential entries and targets in the coming sessions. Please note that support could be seen at 1.1213/15, while resistance or target price is seen towards the 1.1430 levels, respectively, that coincides with the price resistance as well. Hence, it is suggested that those who are inclined towards an aggressive trade should be prepared to go on the long side around the 1.1210/20 levels. Please note that a further bullish reversal can push the prices higher towards at least the 1.1800/20 levels.
Trading plan:
Aggressive traders should be prepared to go long around the 1.1210/20 levels, with a stop below 1.1175 and the target of 1.1430.
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
