We have entered the second quarter where markets will make sharp movements.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
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The analysis has been completed, the first profits have been taken, the stops have been placed in the entry, I hope you liked it.
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TP1.
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TP2
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After accumulation we might retest the range high or even lower in case of some type of dump I will consider range low as a high risk and mid range as a low risk entry but the trend weakened so I will risk 0.75R at total.
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Explanation on the chart of last comment.
-I will risk a total of 0.75R on this trade because I am aware that the market is weaker than before.
You can also get this range retest as another proof that our predetermined range is working.