A golden cross has started to form on STOCH indicator. ADX and +DMI started to rise while -DMI started to decline. Based on STOCH and ADX a long position is placed. No obvious movement from RSI and MACD indicators. Placed a buy order (1 lot) at 1995.98, placed a stop loss at 1991.78 and placed a take profit at 2004.51. If stop loss is triggered I will incurred a loss of 420; if take profit is triggered I will profit 853.
Please refer to my TradingView link for the risk/reward ratio.