But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=110. 05 .
Set the stoploss of these orders at breakout of R2=110.65.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=110.65.
In this situation, there is an expectation to reach the target R3=111.3.
Set the stoploss of reverse orders at breakout of R1=110.45.
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