Big week ahead with president Trump coming into office and on the first day he is expected to bring a lot of changes into law.
For this weeks trade we are targeting a pull back to the real resistance zone which is 2680 level.
Expecting a bounce from here to 2719 first then 2724 and lastly TP of 2744 which will give us a profit of 632 pips.
Trade is based on higher time frame analysis , Fibonacci levels and trend lines.
Important to take profit as the trade progresses by either taking partials or moving your SL to secure.
With these type of trades we need a SL of 50 to 70 pips so its important not to overleverage your account.
Ill update as the week goes on
Trade safe and check out my other charts on here .
For this weeks trade we are targeting a pull back to the real resistance zone which is 2680 level.
Expecting a bounce from here to 2719 first then 2724 and lastly TP of 2744 which will give us a profit of 632 pips.
Trade is based on higher time frame analysis , Fibonacci levels and trend lines.
Important to take profit as the trade progresses by either taking partials or moving your SL to secure.
With these type of trades we need a SL of 50 to 70 pips so its important not to overleverage your account.
Ill update as the week goes on
Trade safe and check out my other charts on here .
Order cancelled
Level not reached new analasis uploaded
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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.