This analysis combines RSI (Relative Strength Index) analysis with Fibonacci retracement levels on the MEBL line chart to formulate a comprehensive trade plan.
Trade Plan:
Entry Price/Buy Limit: 209.02 Stop Loss: 194.40 Lot Size: 68 Take Profit Targets (TP):
TP1: 223.64 with Risk-Reward Ratio (RR) 1% TP2: 238.26 with RR 2%
RSI indicates that there is no divergence, as it is parallel with the bullish trend. This supports the continuation of the trade plan based on Fibonacci retracement.
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