Price could move towards our buy entry which is a multi-swing-low support level at 157.950. Our stop loss is at 159.572, a multi-swing-high resistance level. Take profit is at 156.659, which is a swing-low- resistance level.
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Note: A break above 158.436 area will take us to our profit target (TP)
MusaTicker
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@Pinnaclesfx, Plus this pair has not shown signs of rising yet.
Pinnaclesfx
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could you please review what you've done, how do you buy and take profit at a support level?? Pls check what you've done again or delete the work done.
MusaTicker
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@Pinnaclesfx, i said the same. Is she trying to mislead people?
MusaTicker
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Your analysis is upside down. Buy at 157.950 is a strong area for buying that would be right. But then setting your take profit below your entry at 156.659 would result in a loss of 1.290 points (should be stop loss) Also setting your stop loss above your entry at 159.657 is wrong (should be take profit)