As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=120.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=119.85. TP4: S2=119.55. Set the stoploss of these orders at breakout of R2=120.6.
Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=120.6. In this situation, there is an expectation to reach the target R3=121.45. Set the stoploss of reverse orders at breakout of R1=120.4.
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