REASON : SUPPORT AND RESISTANCE as reference point
1) price make sideway structure
resistance
friday 10 march,
tuesday 14 march
wed 15 march
support
Monday 13 march
Wed 15 march price trap at the support
Entry at 160.530
Stoploss 159.560
Take profit 164.000
RISK REWARD = 3.60
At the current support price trap the 13 march support
then price reject to go down ( piercing pattern )
therefore, i risk my money around 0.5% to gain 1.8%
1) price make sideway structure
resistance
friday 10 march,
tuesday 14 march
wed 15 march
support
Monday 13 march
Wed 15 march price trap at the support
Entry at 160.530
Stoploss 159.560
Take profit 164.000
RISK REWARD = 3.60
At the current support price trap the 13 march support
then price reject to go down ( piercing pattern )
therefore, i risk my money around 0.5% to gain 1.8%