Time - 04/ 03 /2021 05:50
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, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 1.3498 (Hight price)
TP2=resistance - 1.4847 (TP1+10%)
TP3=resistance - 1.6119 (TP1+20%)
SL1=support - 0.7704
SL2=support - 0.4433
SL3=support - 0.3399
Next, determine the size for each TP as I think is best done:
Take profit 1 - 1.3498 - 25 %
Take profit 2 - 1.4847 - 50 %
Take profit 3 - 1.6119 - 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, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 1.3498 (Hight price)
TP2=resistance - 1.4847 (TP1+10%)
TP3=resistance - 1.6119 (TP1+20%)
SL1=support - 0.7704
SL2=support - 0.4433
SL3=support - 0.3399
Next, determine the size for each TP as I think is best done:
Take profit 1 - 1.3498 - 25 %
Take profit 2 - 1.4847 - 50 %
Take profit 3 - 1.6119 - 25 %