According to Beginner Traders the markets going to bounce up and down following the trend in 4H chart as shown by the Yellow Line,
But According to me , If you go to months back there is a "Very High Level of Resistance" at "0.85697" , So the markets definetely gonna follow the trend as showed by the green lines and will definitely be in an upward trend once it hits 0.85697 resistance level as shown by the Red Line , So there are another 2 Resistance Levels which will be my TP's ,
and I decreased a little amount of pips as it should surely hit our TP's and increased 5 pips in Stop Loss(This is another level of resistance) , So we will be very likely to earn profits.
Also the Risk:Reward Ratio is "2.94"
TP1 : 0.86169
TP2 : 0.86403
SL : 0.85419.
But According to me , If you go to months back there is a "Very High Level of Resistance" at "0.85697" , So the markets definetely gonna follow the trend as showed by the green lines and will definitely be in an upward trend once it hits 0.85697 resistance level as shown by the Red Line , So there are another 2 Resistance Levels which will be my TP's ,
and I decreased a little amount of pips as it should surely hit our TP's and increased 5 pips in Stop Loss(This is another level of resistance) , So we will be very likely to earn profits.
Also the Risk:Reward Ratio is "2.94"
TP1 : 0.86169
TP2 : 0.86403
SL : 0.85419.
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.