The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
These points can also be confirmed by the mathematical intervals of Murray.
After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone.
The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points.
* I don't trade the white zone (1.32190), the channel borders and median are so close to it and any breaks below it does not necessarily mean a potential continue in the break direction.
My most important zone is the blue one (1.34291). I'm more ready to take short from it. however, the long option is possible if confirmed.
This analysis is valid until the end of the week.
**************************************
Important news that could change the direction of the trade:
Wednesday: Britain CPI
These points can also be confirmed by the mathematical intervals of Murray.
After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone.
The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points.
* I don't trade the white zone (1.32190), the channel borders and median are so close to it and any breaks below it does not necessarily mean a potential continue in the break direction.
My most important zone is the blue one (1.34291). I'm more ready to take short from it. however, the long option is possible if confirmed.
This analysis is valid until the end of the week.
**************************************
Important news that could change the direction of the trade:
Wednesday: Britain CPI
Trade closed manually
One loss and a profitable trade. Not a bad week for this instrument.
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.