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
