Waited 3 hours for confirmation๐ด
Previous important support and resistance zones:
***s1: 2.552
***s2: 2.500
***r1:2.486
***r2:2.749
Conditions for long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support and resistance zone***s2 and ***r1
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
Stoploss:
1.below the previous support and resistance zones of ***r1: 2.486
Take profit:
1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss
Reversal point/exit point:
1.will be updated later in the comments box
Previous important support and resistance zones:
***s1: 2.552
***s2: 2.500
***r1:2.486
***r2:2.749
Conditions for long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support and resistance zone***s2 and ***r1
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
Stoploss:
1.below the previous support and resistance zones of ***r1: 2.486
Take profit:
1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss
Reversal point/exit point:
1.will be updated later in the comments box
