Plan A (LONG):
If it shows respect to the support zone and bounce back then;
Buy: 129.878 (little above 38.2% Fib level & previous support)
TP 1: 130.500 (at around 50% Fib level & previous resistance)
TP 2: 131.033 (a little below 61.8% Fib level & previous resistance)
TP 3: 132.165 (at around 78.6% Fib level & previous resistance)
SL: If it move towards a breakout (127.568)
Plan B (SHORT):
If it gives a breakout of strong support zone then;
Buy: 127.213 (after the breakout)
TP 1: 126.569 (previous support)
TP 2: 126.147 (previous support)
TP 3: 125.303 (previous support)
SL: 127.946 (lower point of support zone)
Bullish Indications:
Strong Support Zone
Bouncing Back from the support following
the pattern of previous peaks
Bearish Indications:
Breakout of Strong Support Zone.
Bearish trend from more than last 30 days
IF YOU LIKED THE IDEA, SHOW YOUR SUPPORT ;) AND IF YOU DONT THEN LETS DISCUSS ;)
WE NEED YOUR SUPPORT TO KEEP THIS GOING ;)
If it shows respect to the support zone and bounce back then;
Buy: 129.878 (little above 38.2% Fib level & previous support)
TP 1: 130.500 (at around 50% Fib level & previous resistance)
TP 2: 131.033 (a little below 61.8% Fib level & previous resistance)
TP 3: 132.165 (at around 78.6% Fib level & previous resistance)
SL: If it move towards a breakout (127.568)
Plan B (SHORT):
If it gives a breakout of strong support zone then;
Buy: 127.213 (after the breakout)
TP 1: 126.569 (previous support)
TP 2: 126.147 (previous support)
TP 3: 125.303 (previous support)
SL: 127.946 (lower point of support zone)
Bullish Indications:
Strong Support Zone
Bouncing Back from the support following
the pattern of previous peaks
Bearish Indications:
Breakout of Strong Support Zone.
Bearish trend from more than last 30 days
IF YOU LIKED THE IDEA, SHOW YOUR SUPPORT ;) AND IF YOU DONT THEN LETS DISCUSS ;)
WE NEED YOUR SUPPORT TO KEEP THIS GOING ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.