EKOVEST, Strong Breakout Followed by 3 Black Crows
Bias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap
Stop-loss: 0.830
// This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone.
1st target: 0.950
// Previous high as resistance.
2nd target: 1.09
// Fibonacci 1.618 extension .
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Peace out!
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.
Stop-loss: 0.830
// This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone.
1st target: 0.950
// Previous high as resistance.
2nd target: 1.09
// Fibonacci 1.618 extension .
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Peace out!
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.
Trade closed: stop reached:
Price slipped below our stop-loss.
Something interesting that happened on the 19th Dec was that equities trading halted after 5.45pm on Bursa Malaysia, and there was no closing auction that day.
Something interesting that happened on the 19th Dec was that equities trading halted after 5.45pm on Bursa Malaysia, and there was no closing auction that day.
Comment:
Amendment: 4.45pm