Fall in love with VCP setup trading and would like to share my analysis about VCP trading.
Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous!
C1: ~38%
C2: ~16%
C3: ~6%
I believe price will form a pivot point at current stage.
Is a good entry for 1st position.
Once it break 0.740, you can top up for 2nd position.
Support set at 0.620, ~8% risk.
Disclaimer: Not a buy call, buy at your own risk.
Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous!
C1: ~38%
C2: ~16%
C3: ~6%
I believe price will form a pivot point at current stage.
Is a good entry for 1st position.
Once it break 0.740, you can top up for 2nd position.
Support set at 0.620, ~8% risk.
Disclaimer: Not a buy call, buy at your own risk.
Comment:
0.680 serve as support now. Awaiting large volume come in to push the price up.
Comment:
Hopefully resistance breakout 0.710 can sustain
