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Ucad

UC GOING DOWN UC GOING DOWN Forex market is obviously lacking direction while it waits for the U.S data points. Investors / traders are pinning some of their hopes on FOMC’s minutes from the Federal Open Market Committee (FOMC) . With enormous tension diminishing in the wake of China’s decision last week to devalue its currency, the market is shifting her focus to U.S economic indicators as it looks for notions that the Fed has the justification to begin its rate normalization policy etc
Short
by DR.
1
Shoot for the moon. Even if missd, still be land among the starThis setup base on the related idea as link in the related section. This number come from Minor support/resistance. as show in the chart (yellow line). As well as, the monthly trend still very strong and it expecting to be break in and keeping up in this following week. This number come from the range created by the NFP last week. as point by RED box with an extra pip. (If the price break below this 1.2300 just give up hope and exit) This number come for the last support and resistance with slightly adjusted. (Check related idea for detail), for the "Target B" it come from price support/resistance of the from the last highest point. ----------------------------------------------------------------------------------------------------------------------- May the force be with us.
Long
by Kevabatai
UCAD potential long setup base on resistance lines.This setup come from the following indicators. 1. "Purple descending line" resistance form last decade. could create some resistance when this pairs move up. 2. Support and Resistance lines for a very long expectation of down trend as seen by many arrow along the chart. Setup configuration :: (Please check related idea for more over views.) (As point by Purple box) This number come from many previous days price support/resistance as indicated by blue arrows. (As point by RED box) This number come from the last peak, and numeral smaller peak under its. Thus, it shown some sign of price rejection under this numbers. ( If price "go below" this level it mean there is not "up trend" anymore. and long positions should be exited) (As point by Orange Box) This number come from price support in year 2004 and again in year 2006. (Please check related idea for more over views.)
Long
by Kevabatai