Previous important support and resistance zones:
***s1: 8.508
***r1: 8.107
Conditions for short:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from previous support ***s1 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 support zone of ***s1: 8.508
Take profit:
1.take profit is dynamic, trailing Stoploss/take profit
Exit point:
1.will be updated later in the comments box
P. S. Price may not reach the arrow point so it's better to use trailing Stop-loss
***s1: 8.508
***r1: 8.107
Conditions for short:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from previous support ***s1 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 support zone of ***s1: 8.508
Take profit:
1.take profit is dynamic, trailing Stoploss/take profit
Exit point:
1.will be updated later in the comments box
P. S. Price may not reach the arrow point so it's better to use trailing Stop-loss
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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.