Previous important support and resistance zones:
***s1: 1.737
***r1: 1.877
**r2: 1.899
*r3: 1.933
Conditions for long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support ***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 the 20 level
Stoploss:
1.below the previous support zone of ***s1: 1.737
Take profit:
1.trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if anyone asks
***s1: 1.737
***r1: 1.877
**r2: 1.899
*r3: 1.933
Conditions for long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support ***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 the 20 level
Stoploss:
1.below the previous support zone of ***s1: 1.737
Take profit:
1.trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if anyone 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.