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Rising trend, correction to diagonal, as well as structural horizontal support - Long with SL Activation of the trend confirming formation - Head and Shoulders - breakaway and test of the neck line. At the test another trend confirming formation is created - Flag. Breakaway and test of the Flag. TD Sequential started counting and is up to 3. The trend remains long and Sequential continues to count towards the 9.

The levels of the previous high - Breakaway of these levels could give us an opportunity to add to the position. If the price goes below the structural horizontal the neck line , which coincides with the diagonal support, the moods could shift. Then, after a test of the breakaway we could look for a price action for a short position.

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Derivatives and margin trading involve a high degree risk level. You should not trade Forex and CFD unless you fully understand how it functions, what your benefits can be, what your risk is, and what you may lose. Please, note that the losses can be practically unlimited and that the initial deposit will not permanently limit the risk.

You have to fully realize your financial status and make sure that trading in derivatives hides the risk of losing the entire amount invested. Invest only the amounts that you are able to lose. If you think, we can improve that section, please comment. Your oppinion is imortant for us. Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.