Hello Traders!!
Analysis:
I have analyzed this chart using three concepts:
1) Fibonacci Retracement
2) Vertical Support and Resistance Line (Trend Line)
3) Horizontal Support and Resistance Line
I have used 4 Hr time frame and also checked the monthly trend, which seems quite bullish.
I think 1.2100 will be a good point for jumping on the trend.
Entry and Exit:
Entry - 1.2100
Exit - TP - 1.2200 && SL - 1.2025
Risk Management:
You can use as per your own analysis. I have provided the risk to reward ratio in 3:4.
How to support me?
1) Follow and Like
2) Comment your opinion, if do not agree with my idea.
3) Also comment if you think I have a wrong way of approaching the charts.
Thanks for your support and Love!
Analysis:
I have analyzed this chart using three concepts:
1) Fibonacci Retracement
2) Vertical Support and Resistance Line (Trend Line)
3) Horizontal Support and Resistance Line
I have used 4 Hr time frame and also checked the monthly trend, which seems quite bullish.
I think 1.2100 will be a good point for jumping on the trend.
Entry and Exit:
Entry - 1.2100
Exit - TP - 1.2200 && SL - 1.2025
Risk Management:
You can use as per your own analysis. I have provided the risk to reward ratio in 3:4.
How to support me?
1) Follow and Like
2) Comment your opinion, if do not agree with my idea.
3) Also comment if you think I have a wrong way of approaching the charts.
Thanks for your support and Love!