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Rules of Trinity Trade:
I buy when the price breaks and hold above the blue line.
I sell when the price breaks and hold below the red line.
Both scenarios should have a true breakout with at least 2-3 closed bars as a confirmation.
In neutral area (between blue and red) when signals are mixed - I give priority for the last signal.
TP1 for more conservative trade.
For TP2 - break and hold of TP1 level is required. SL at break-even.
For TP3 - break and hold of TP2 level is required. SL at TP1 level.
Same logic for the next ones.
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Rules of Trinity Trade:
I buy when the price breaks and hold above the blue line.
I sell when the price breaks and hold below the red line.
Both scenarios should have a true breakout with at least 2-3 closed bars as a confirmation.
In neutral area (between blue and red) when signals are mixed - I give priority for the last signal.
TP1 for more conservative trade.
For TP2 - break and hold of TP1 level is required. SL at break-even.
For TP3 - break and hold of TP2 level is required. SL at TP1 level.
Same logic for the next ones.
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Comment:
Price didn't quite reach the support (red border) on its last wing down and attempting to break ressistence (blue). With that in case, based on previous statistics + still active bullish possition due to #68 - I believe we'll see a bullish breakout of ressistance (blue line). I am still neutral on #69 but keeping eyes on upper breakout and confirmation likely on higher timeframe, at least H1.