The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
These points can also be confirmed by the mathematical intervals of Murray.
After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone.
The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points.
* Zones are not disturbed in this analysis.
This analysis is valid until the end of the week.
**************************************
Important news that could change the direction of the trade:
Monday: EURO CPI of April
Friday: German GDP
**************************************
We all now Trump tries to weaken USD to improve US trade efficiency, but all of these efforts might have reversal effects in short-term movements.
Best Regards
These points can also be confirmed by the mathematical intervals of Murray.
After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone.
The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points.
* Zones are not disturbed in this analysis.
This analysis is valid until the end of the week.
**************************************
Important news that could change the direction of the trade:
Monday: EURO CPI of April
Friday: German GDP
**************************************
We all now Trump tries to weaken USD to improve US trade efficiency, but all of these efforts might have reversal effects in short-term movements.
Best Regards
Trade closed manually
Great Profit made last week.
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.
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.