XBRUSD, H4
In the H4 time frame, the XBRUSD moves within an expanding wedge and faces a 78.50 resistance. The DeMarker oscillator crosses the 0.30 level from above, and Parabolic SAR points dots below the price, signaling potential bullish momentum for the asset.
- If the price breaches above the 78.50 level, it will likely rise to the 80.90 resistance.
- However, if the XBRUSD fails to retest the resistance, it may trigger a decline to 75.70.
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
