Time - 04/ 03 /2021 10:00
Timeframe - 1D.
3 conditions must be met to open a deal:
1. MACD lines cross and there is a positive trend. - Don’t cross. I think we need to wait one or two days.
2. Candles close above MA 25.
3. MA 7 and MA 25 also crossed before, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 0.3680 (Hight price)
TP2=resistance - 0.4048 (TP1+10%)
TP3=resistance - 0.4416 (TP1+20%)
SL1=support - 0.2674
SL2=support - 0.2186
SL3=support - 0.1984
Next, determine the size for each TP as I think is best done:
Take profit 1 - 0.3680 - 25 %
Take profit 2 - 0.4048 - 50 %
Take profit 3 - 0.4416 - 25 %
Timeframe - 1D.
3 conditions must be met to open a deal:
1. MACD lines cross and there is a positive trend. - Don’t cross. I think we need to wait one or two days.
2. Candles close above MA 25.
3. MA 7 and MA 25 also crossed before, MA7 is above MA25.
Determine the resistance:
TP1=resistance - 0.3680 (Hight price)
TP2=resistance - 0.4048 (TP1+10%)
TP3=resistance - 0.4416 (TP1+20%)
SL1=support - 0.2674
SL2=support - 0.2186
SL3=support - 0.1984
Next, determine the size for each TP as I think is best done:
Take profit 1 - 0.3680 - 25 %
Take profit 2 - 0.4048 - 50 %
Take profit 3 - 0.4416 - 25 %