The chart illustrates a potential trading scenario for the Briti
1. Support Zone (Green Area):
This zone acts as a potential level where the price might find support and reverse upwards.
2. Resistance Zone (Red Area):
This marks a price level where upward momentum may face selling pressure and possibly reverse.
3. Proposed Price Movement:
The price is anticipated to rise from the support zone and break through intermediate resistance levels.
Two take-profit levels are identified at 1.22617 and 1.23185.
Strategy:
Entry Point: Near the support zone around 1.21958.
First Take Profit (TP1): At 1.22617.
Second Take Profit (TP2): At 1.23185.
Stop Loss: Likely just below the support zone to minimize risk.
This is a speculative forecast, and actual market movement may vary. Always manage risk appropriately when trading.
This zone acts as a potential level where the price might find support and reverse upwards.
2. Resistance Zone (Red Area):
This marks a price level where upward momentum may face selling pressure and possibly reverse.
3. Proposed Price Movement:
The price is anticipated to rise from the support zone and break through intermediate resistance levels.
Two take-profit levels are identified at 1.22617 and 1.23185.
Strategy:
Entry Point: Near the support zone around 1.21958.
First Take Profit (TP1): At 1.22617.
Second Take Profit (TP2): At 1.23185.
Stop Loss: Likely just below the support zone to minimize risk.
This is a speculative forecast, and actual market movement may vary. Always manage risk appropriately when trading.
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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.
Join my Channel and get Free Signals
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.