Corrective downswing wasn’t completed yesterday after all - market lacked just 3 cents to do that! Thus the day was closed by bullish inside bar, which can’t be regarded a long-signal exactly because of the absence of full-scale downswing in the structure.
This keeps a probability of new decline to the region of yesterday’s lows (1458.33).
Local structure has tangible higher low and it’s one of the attributes of upward reversal. Upswing can quite reach the pivot-level 1471.00, where we can face sell-offs again.
Growth in direction 1471.04 and then downward reversal to 1465.00 and 1458.00.
Longs to 1471.04.
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications