Long SJM
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to working out the support and resistance levels of the consolidation triangle.
*Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone, breaking the red zone as the support level of the triangle and the channel.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to working out the support and resistance levels of the consolidation triangle.
*Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone, breaking the red zone as the support level of the triangle and the channel.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
Trade fermée: ordre d’arrêt atteint