Previous important support and resistance zones:
***s1: 2.591
***s2: 2.663
*s3: 2.218
***r1: 2.798
Conditions for short:
1. Bearish pennant 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 20 level
Stoploss:
1.above the previous support zone of ***s1: 2.591
Take profit:
1.dynamic take profit or trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
***s1: 2.591
***s2: 2.663
*s3: 2.218
***r1: 2.798
Conditions for short:
1. Bearish pennant 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 20 level
Stoploss:
1.above the previous support zone of ***s1: 2.591
Take profit:
1.dynamic take profit or trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
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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.