Previous important support and resistance zones:
***r1: 4.277
***r2: 4.156
Conditions for Long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above 20 level
Stoploss:
1.below the previous resistance zones of ***r1: 4.277
Take profit:
1.take profit is dynamic or trailing stop loss/take profit
2.need 9hr tf for multi-analysis potential reverse zone
Exit point:
1.will be updated later in the comments box only if anyone asks
***r1: 4.277
***r2: 4.156
Conditions for Long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above 20 level
Stoploss:
1.below the previous resistance zones of ***r1: 4.277
Take profit:
1.take profit is dynamic or trailing stop loss/take profit
2.need 9hr tf for multi-analysis potential reverse zone
Exit point:
1.will be updated later in the comments box only if anyone asks
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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.