In this analysis where we define 3 zones .
1. red zone: this zone i plotted between 1788 to 1751 and this is restricted area where do not enter in market until its break.
2. buy zone: (if market break 1788 then put your entries towards bullish direction..where i clearly mentioned 2 resistances level.( first resistance level is at 1804 and the 2nd resistance level is at 1861).on both resistance level you can set your take profits.
3. sell zone: in this zone if market break 1751 then put your entries in bearish direction where i clearly mentioned support levels.
1st target 1727
2nd target 1711
3rd target 1702
4th target 1690
5th target 1670
remember one rule clearly whenever market enter in buy zone or sell zone after getting 70++ pips close half lot and set stop loss at entry point..because market can retest many times may be at your entry level...whenever market enter again zone 2 or 3 then put your entries again..thanks
1. red zone: this zone i plotted between 1788 to 1751 and this is restricted area where do not enter in market until its break.
2. buy zone: (if market break 1788 then put your entries towards bullish direction..where i clearly mentioned 2 resistances level.( first resistance level is at 1804 and the 2nd resistance level is at 1861).on both resistance level you can set your take profits.
3. sell zone: in this zone if market break 1751 then put your entries in bearish direction where i clearly mentioned support levels.
1st target 1727
2nd target 1711
3rd target 1702
4th target 1690
5th target 1670
remember one rule clearly whenever market enter in buy zone or sell zone after getting 70++ pips close half lot and set stop loss at entry point..because market can retest many times may be at your entry level...whenever market enter again zone 2 or 3 then put your entries again..thanks