DAYANG, Buying at correction AND breakout examples
Bias: Weakening bull. When prices broke the 2.09 high, the price could not sustain and had another correction but managed to form a higher low around 1.90 region and is likely to further consolidate.
Previously, the 1.78-1.80 region presented an oppurtunity for buying at correction while at 1.92 was a #breakoutsignal.
Stop-loss: 1.89
// This region is the breakout point of the previous resistance, candlestick lower shadow rejection (higher low), and new swing fibonacci lower level.
1st target: 2.14
// Previous high as MAJOR resistance.
2nd target: 2.38
// Projected target from fibonacci extension.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Previously, the 1.78-1.80 region presented an oppurtunity for buying at correction while at 1.92 was a #breakoutsignal.
Stop-loss: 1.89
// This region is the breakout point of the previous resistance, candlestick lower shadow rejection (higher low), and new swing fibonacci lower level.
1st target: 2.14
// Previous high as MAJOR resistance.
2nd target: 2.38
// Projected target from fibonacci extension.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Comment:
Congrats to DAYANG for exceeding expectations: reaching the first target in 1 day. Let's monitor how the price will move next. :)
Trade closed: target reached:
2nd Target reached with #breakout and strong close above! Congrats :)))