We have a bearish candle with close price below MA100. As for indicators MACD and DMI, they confirm down movement and we can open short trades below 1247.50. Stop orders must be placed above 1255.00 level and take-profit orders at 1240.00 level.
DLavrov, maybe I am seeing this differently but shouldn't stops be placed outside the boilliger bands? That indicator gages the volatility that can occur in that timeframe. I would place the stop right above the band around $1,260.
DLavrov
⋅
@EduardoFranco92, Thanks for your comment! I place stop orders above/below the middle line of Bollinger Bands, it's MA with period 20. I tested this variant on historical data and I like it much more then your variant.