I have bought this stock too, at the price of 0.71
I have bought AAX at the price of 0.08 is because, looking back at the previous rally up, it is creating the same pattern which i feel will have a rise of 400+%.
Everyone in Malaysia is so hyped out about this stock where it appreciated so much. so what is going to happen is that those who think they have missed the opportunity will be buying at the highest price. these traders are called FOMO traders ( Fear of Missing Out). Those who accumulated the stock at the lower price will be selling their stock to these FOMO...
So from this analysis, i feel buyers will pick up the price from that zone to the resistance area
So for this pair, i am looking for a upside potential of around 80 pips. those who are looking to buy at every retest area, would be placing their stops just right below the structure, so i want two out of the three stop loss are to be hunted before entering my position.
For this pair, I have spotted two stop loss hunting for buyers and sellers. Lets look at the outcome
For this pair, Now the price is at the bottom of the range structure. From what iI anticipate that those who buy just from looking at the support and resistance will place their stop loss right bottom of the range stucture where the stop loss hunting will take place and wipe off all the buyers and also the FOMO traders who bought earlier. So when the Stop Loss...
Following the three wave pattern, we see a impulsive done and now the correction is soon to end.
After few bullish candles wiping and dominating, now any pullback is a good opportunity to enter for long.
This is how i anticipate my overall movement of USDJPY. This is following the three wave structure which i use in my trading. There are two impulsive wave structure currently forming in the corrective phase. so the consolidation will be taking abit of time before the push up.
Looking to sell and buy to the retest area