Euro / U.S. DollarUpdated Price Reactions to Drawn Zones
In this chart, on the 4-hour timeframe, a suitable zone for taking short positions (sell) has been identified, while on the 1-hour timeframe, a suitable zone for taking long positions (buy) has been marked. Additionally, the entry points, take-profit levels, and stop-loss levels for each trade have been clearly defined. The risk-to-reward ratios for both trades have also been included. Please note that entering any trade should be confirmed with appropriate validations. This is solely an analysis and not a financial or trading recommendation. The responsibility for any risks taken lies with the readers. Wishing you success.
Trade closed: target reached
The target below was successfully reached with a profit. This indicates that the selected zone is valid. Therefore, we can wait for the price to return to the lower zone, and if it shows a strong upward reaction, we can consider taking a position. Alternatively, we can wait for the price to reach the upper zone and, upon confirmation, take a sell position. It is important to note that the upper zone offers a highly favorable risk-to-reward ratio.Note
The take-profit level for BFC has been updated to 1.03799.
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.