Hello, I am Agape
a daily and weekly swing trader
Let's see what is happening on BBKP (Bank Bukopin)
From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months.
And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.
We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high.
Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.
Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.
SL at previous daily swing low
TP1 470 (daily structure)
TP2 580 (gap)
I will enter the trade on Monday market open and let's see what is going to happen next
Manage your lot size
Place trade at your own risk
a daily and weekly swing trader
Let's see what is happening on BBKP (Bank Bukopin)
From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months.
And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.
We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high.
Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.
Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.
SL at previous daily swing low
TP1 470 (daily structure)
TP2 580 (gap)
I will enter the trade on Monday market open and let's see what is going to happen next
Manage your lot size
Place trade at your own risk
Order cancelled:
Manually closed position. IDX Composite Index seems to make corrective wave
Case closed.
Case closed.