Previous important support and resistance zones:
***s1: 7.79
***r1: 9.31
***r2: 8.29
***r3: 7.79
Conditions for short:
1.ascending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from the previous * * *r1: 9.31 zone
5.volatility has increased
6.money flow index turned red from green
7.di- is above the di+
8.adx line is above 20 level
Stoploss:
1.above the previous ***r1: 9.31 zone
Take profit:
1.I like to trail the take profit but the nex take profit can be near the ***r2: 8.29 zone
***s1: 7.79
***r1: 9.31
***r2: 8.29
***r3: 7.79
Conditions for short:
1.ascending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from the previous * * *r1: 9.31 zone
5.volatility has increased
6.money flow index turned red from green
7.di- is above the di+
8.adx line is above 20 level
Stoploss:
1.above the previous ***r1: 9.31 zone
Take profit:
1.I like to trail the take profit but the nex take profit can be near the ***r2: 8.29 zone
