Analysis: I have analyzed this chart using three concepts: 1) Fibonacci Retracement 2) Vertical Support and Resistance Line (Trend Line) 3) Horizontal Support and Resistance Line
I have used 4 Hr time frame and also checked the monthly trend, which seems quite bullish.
I think 1.2100 will be a good point for jumping on the trend.
Risk Management: You can use as per your own analysis. I have provided the risk to reward ratio in 3:4.
How to support me? 1) Follow and Like 2) Comment your opinion, if do not agree with my idea. 3) Also comment if you think I have a wrong way of approaching the charts.
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