market structure + trend-lines + fib levels = Simple Analysis
First target (149.200) is important level as its a level where price hasn't been able to break on the Daily Timeframe.
I was able to identify trend on the daily timeframe (uptrend) and would use H4 or H1 timeframe for entries.
Would look for retracements at fib levels or previous high/lows, this case high as entry points
would use previous targets as short term TAKE PROFIT zones and Identify a long term target.
First target (149.200) is important level as its a level where price hasn't been able to break on the Daily Timeframe.
I was able to identify trend on the daily timeframe (uptrend) and would use H4 or H1 timeframe for entries.
Would look for retracements at fib levels or previous high/lows, this case high as entry points
would use previous targets as short term TAKE PROFIT zones and Identify a long term target.