As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=112.55.
TP4: R2=112.9.
Set the stoploss of these orders at breakout of S2=112.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=112.8.
TP4: S2=112.45.
Set the stoploss of these orders at breakout of R2=113.55.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...