The chart illustrates a potential trading scenario for the Briti
1. Support Zone (Green Area):
This zone acts as a potential level where the price might find support and reverse upwards.
2. Resistance Zone (Red Area):
This marks a price level where upward momentum may face selling pressure and possibly reverse.
3. Proposed Price Movement:
The price is anticipated to rise from the support zone and break through intermediate resistance levels.
Two take-profit levels are identified at 1.22617 and 1.23185.
Strategy:
Entry Point: Near the support zone around 1.21958.
First Take Profit (TP1): At 1.22617.
Second Take Profit (TP2): At 1.23185.
Stop Loss: Likely just below the support zone to minimize risk.
This is a speculative forecast, and actual market movement may vary. Always manage risk appropriately when trading.
This zone acts as a potential level where the price might find support and reverse upwards.
2. Resistance Zone (Red Area):
This marks a price level where upward momentum may face selling pressure and possibly reverse.
3. Proposed Price Movement:
The price is anticipated to rise from the support zone and break through intermediate resistance levels.
Two take-profit levels are identified at 1.22617 and 1.23185.
Strategy:
Entry Point: Near the support zone around 1.21958.
First Take Profit (TP1): At 1.22617.
Second Take Profit (TP2): At 1.23185.
Stop Loss: Likely just below the support zone to minimize risk.
This is a speculative forecast, and actual market movement may vary. Always manage risk appropriately when trading.
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