Waited 3 hours for confirmationš“
Previous important support and resistance zones:
***s1: 2.552
***s2: 2.500
***r1:2.486
***r2:2.749
Conditions for long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support and resistance zone***s2 and ***r1
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
Stoploss:
1.below the previous support and resistance zones of ***r1: 2.486
Take profit:
1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss
Reversal point/exit point:
1.will be updated later in the comments box
Previous important support and resistance zones:
***s1: 2.552
***s2: 2.500
***r1:2.486
***r2:2.749
Conditions for long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support and resistance zone***s2 and ***r1
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
Stoploss:
1.below the previous support and resistance zones of ***r1: 2.486
Take profit:
1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss
Reversal point/exit point:
1.will be updated later in the comments box
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.