SFP is having a strong correction after a strong rise in mid-October. The $1.7 zone is being the support at the moment and the SFP could rally to $2 and $2.4 in the next few days. But if it continues to lose the 1.7$ zone, it will continue to fall back to the 1.5$ and 1.3$ zone
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 1.7$ zone
ðīBuy : 1.7
ðīSell : 2 - 2.4
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 1.7$ zone
ðĩSell : 1.7
ðĩBuy : 1.5 - 1.3
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 1.7$ zone
ðīBuy : 1.7
ðīSell : 2 - 2.4
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 1.7$ zone
ðĩSell : 1.7
ðĩBuy : 1.5 - 1.3
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section