Please support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1.10607
TP1 - 1.11159
TP2 - 1.11353
SL - 1.10492 (Slightly below Pivot Support 1. You can put stop loss below support zone if it fits you R/R ratio)
Reason: Though we have the price falling we also see the RSI is going to be oversold and it might happen when price will face support zone and S1. Combine this we can catch the Retracement.
IMPORTANT: Position should be taken on Retracement movement. Now when the price just get the level we are interested in but on retracement! So that we know if price really supported or continues falling. Plus RSI has to be oversold which will confirm the Signal
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Long.
Entry - 1.10607
TP1 - 1.11159
TP2 - 1.11353
SL - 1.10492 (Slightly below Pivot Support 1. You can put stop loss below support zone if it fits you R/R ratio)
Reason: Though we have the price falling we also see the RSI is going to be oversold and it might happen when price will face support zone and S1. Combine this we can catch the Retracement.
IMPORTANT: Position should be taken on Retracement movement. Now when the price just get the level we are interested in but on retracement! So that we know if price really supported or continues falling. Plus RSI has to be oversold which will confirm the Signal
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.