today opened slightly above pivot, and still moves in the daily pivot area for today. The price movement looks to be consolidating and forming a triangle pattern, wait for the price to break out the pattern to open a position.
First option:
-Open long positions if the price breaks up
-TP1 at the first daily resistance
-TP2 at the second daily resistance
-SL on pivot or a few points below it
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price breaks down the pattern
-TP1 at the first daily support
-TP2 at the second daily support
-SL on pivot or a few points above it
-Wait for confirmation to open a position
First option:
-Open long positions if the price breaks up
-TP1 at the first daily resistance
-TP2 at the second daily resistance
-SL on pivot or a few points below it
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price breaks down the pattern
-TP1 at the first daily support
-TP2 at the second daily support
-SL on pivot or a few points above it
-Wait for confirmation to open a position
Trade closed: target reached
