Previous important support and resistance zones:
***s1: 2.986
***r1: 3.979
***r2: 3.466
***r3: 3.393
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 20 level
Stoploss:
1.above the previous resistance zones of ***r1: 3.979
Take profit:
1.take profit is dynamic or trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box
P. S: trade at your own risk
***s1: 2.986
***r1: 3.979
***r2: 3.466
***r3: 3.393
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 20 level
Stoploss:
1.above the previous resistance zones of ***r1: 3.979
Take profit:
1.take profit is dynamic or trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box
P. S: trade at your own risk
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.
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.