Price Reactions to Drawn Zones

7 feb

In this chart, on the 4-hour timeframe, a suitable zone for taking short positions (sell) has been identified, while on the 1-hour timeframe, a suitable zone for taking long positions (buy) has been marked. Additionally, the entry points, take-profit levels, and stop-loss levels for each trade have been clearly defined. The risk-to-reward ratios for both trades have also been included. Please note that entering any trade should be confirmed with appropriate validations. This is solely an analysis and not a financial or trading recommendation. The responsibility for any risks taken lies with the readers. Wishing you success.

12 feb

Trade chiuso: obiettivo raggiunto

The target below was successfully reached with a profit. This indicates that the selected zone is valid. Therefore, we can wait for the price to return to the lower zone, and if it shows a strong upward reaction, we can consider taking a position. Alternatively, we can wait for the price to reach the upper zone and, upon confirmation, take a sell position. It is important to note that the upper zone offers a highly favorable risk-to-reward ratio.

3 giorni fa

Nota

The take-profit level for BFC has been updated to 1.03799.