downtrend for this day, so I suggests sell (limit) below R1=0.776.
But the short term is range bound, so we expect to reach the following targets:
TP3: S1=0.768.
TP4: S2=0.764.
Set the stoploss of these orders at breakout of R2=0.782.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.776
In this situation, there is an expectation to reach the target R3=0.786.
Set the stoploss of reverse orders at breakout of R1=0.771.
But the short term is range bound, so we expect to reach the following targets:
TP3: S1=0.768.
TP4: S2=0.764.
Set the stoploss of these orders at breakout of R2=0.782.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.776
In this situation, there is an expectation to reach the target R3=0.786.
Set the stoploss of reverse orders at breakout of R1=0.771.