Previous important support and resistance zones:
***s1: 1.403
***r1: 1.563
**r2: 1.618
*r3: 1.465
Conditions for short:
1. Rising wedge breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from previous resistance ***r1 zone
6.Money flow index turned red from green
7.volatility has increased
8.di- is above the di+
9.adx line is above the 20 level
Stoploss:
1.above the previous resistance zones of ***r1: 1.563
Take profit:
1.take profit is dynamic,trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
***s1: 1.403
***r1: 1.563
**r2: 1.618
*r3: 1.465
Conditions for short:
1. Rising wedge breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from previous resistance ***r1 zone
6.Money flow index turned red from green
7.volatility has increased
8.di- is above the di+
9.adx line is above the 20 level
Stoploss:
1.above the previous resistance zones of ***r1: 1.563
Take profit:
1.take profit is dynamic,trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
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.
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.