2023/10/18 - 09.28 AM
Our preference: Long positions above 0.6345 with targets at 0.6380 & 0.6400 in extension.
Alternative scenario: Below 0.6345 look for further downside with 0.6330 & 0.6315 as targets.
Comment: The RSI advocates for further advance.
Trading foreign currency exchange and Crypto Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
