Time - 06/ 03 /2021 14-00
Timeframe - 1D.
3 conditions must be met to open a deal:
1. MACD lines cross and there is a positive trend.
2. Candles close above MA 25.
3. MA 7 and MA 25 also crossed before, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 4.7 (Hight price)
TP2=resistance - 5.17 (TP1+10%)
TP3=resistance - 5.64 (TP1+20%)
SL1=support - 3.61
SL2=support - 3.21
SL3=support - 2.83
Next, determine the size for each TP as I think is best done:
Take profit 1 - 4.7 - 25 %
Take profit 2 - 5.17- 50 %
Take profit 3 - 5.64 - 25 %
Timeframe - 1D.
3 conditions must be met to open a deal:
1. MACD lines cross and there is a positive trend.
2. Candles close above MA 25.
3. MA 7 and MA 25 also crossed before, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 4.7 (Hight price)
TP2=resistance - 5.17 (TP1+10%)
TP3=resistance - 5.64 (TP1+20%)
SL1=support - 3.61
SL2=support - 3.21
SL3=support - 2.83
Next, determine the size for each TP as I think is best done:
Take profit 1 - 4.7 - 25 %
Take profit 2 - 5.17- 50 %
Take profit 3 - 5.64 - 25 %