Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position to gain good profits.
In a lower time-frame (4hrs) this long position has also been conformed.
Target profits are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 7830, you can still make profit till TP2 is reached, however there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
- This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
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