Long / Buy Trade. Entry Level on break on upper support blue line @ 810.92 to 794.79
Take Profit 1 @ Daily Resistance / FIB 23.6% Level 855.86 Take Profit 2 @ 4 Hour Resistance / FIB 38.2% level 938.27 Take Profit 3 @ 1 Hour Resistance zone / FIB 61.80% level 1063.56 Stop Loss @ Daily Support Level / FIB 0 % Level 728.20
Lot Size : Portfolio Size 10000 Risk to Reward 1 : 1 Lot size 7 units @ 5% Risk
TP 1 = Total PIPS in gain = 81.18 Profit 7.73 % TP 2 = Total PIPS in gain = 143.48 Profit 18.31% TP 3 = Total PIPS in gain = 268.77 Profit 33.95% Total PIPS in Stop loss = 66.59 Loss 8.24%
Short / Sell Trade. Entry Level on break on Lower support Red line @ 787.73 to 784.71
Take Profit 1 @ Daily Support / FIB 0.% Level 728.20 Take Profit 2 @ Daily Support at 675.89 Take Profit 3 @ Daily Support at 610.30 Stop Loss @ Daily Support Level / FIB 23.60% Level 855.86
Lot Size : Portfolio Size 10000 Risk to Reward 1 : 1 Lot size 8 units @ 5% Risk
TP 1 = Total PIPS in gain = 56.86 Profit 6.82 % TP 2 = Total PIPS in gain = 107.84 Profit 13.62% TP 3 = Total PIPS in gain = 174.41 Profit 21.97% Total PIPS in Stop loss = 71.98 Loss 9.25%