1. We can get long trade from 1293.50 If price breakup channel and close above resistance (red) line. Targets are : TP1 : 1307.62 TP2 : 1320.20 TP3 : 1339.77 Stop lose : 1283.50 2. Or we can long (buy) from 1280.50 Targets are : TP1 : 1307.62 TP2 : 1320.20 TP3 : 1339.77 Stop lose : 1275 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck >