Time - 04/ 03 /2021 09:00
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, MA7 is above MA25. - It’s not working now, need to wait a finishing day and will check again.
Determine the resistance:
TP1=resistance - 0.3995 (Hight price)
TP2=resistance - 0.4394 (TP1+10%)
TP3=resistance - 0.4795 (TP1+20%)
SL1=support - 0.3297
SL2=support - 0.2645
SL3=support - 0.2236
Next, determine the size for each TP as I think is best done:
Take profit 1 - 0.3995 - 25 %
Take profit 2 - 0.4394 - 50 %
Take profit 3 - 0.4795 - 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. - It’s not working now, need to wait a finishing day and will check again.
Determine the resistance:
TP1=resistance - 0.3995 (Hight price)
TP2=resistance - 0.4394 (TP1+10%)
TP3=resistance - 0.4795 (TP1+20%)
SL1=support - 0.3297
SL2=support - 0.2645
SL3=support - 0.2236
Next, determine the size for each TP as I think is best done:
Take profit 1 - 0.3995 - 25 %
Take profit 2 - 0.4394 - 50 %
Take profit 3 - 0.4795 - 25 %