Big week ahead with president Trump coming into office and on the first day he is expected to bring a lot of changes into law.
For this weeks trade we are targeting a pull back to the real resistance zone which is 2680 level.
Expecting a bounce from here to 2719 first then 2724 and lastly TP of 2744 which will give us a profit of 632 pips.
Trade is based on higher time frame analysis , Fibonacci levels and trend lines.
Important to take profit as the trade progresses by either taking partials or moving your SL to secure.
With these type of trades we need a SL of 50 to 70 pips so its important not to overleverage your account.
Ill update as the week goes on
Trade safe and check out my other charts on here .
For this weeks trade we are targeting a pull back to the real resistance zone which is 2680 level.
Expecting a bounce from here to 2719 first then 2724 and lastly TP of 2744 which will give us a profit of 632 pips.
Trade is based on higher time frame analysis , Fibonacci levels and trend lines.
Important to take profit as the trade progresses by either taking partials or moving your SL to secure.
With these type of trades we need a SL of 50 to 70 pips so its important not to overleverage your account.
Ill update as the week goes on
Trade safe and check out my other charts on here .
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