{SWC} EcoWorld International: Moving Averages with Candlesticks
Thank you for your continued support :)
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.
Stop-loss: 0.860
1st Target: 1.40
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.
Stop-loss: 0.860
1st Target: 1.40
Gentle reminder: Plan your trade and trade your plan. Peace out!
Trade active:
The target should be RM1.14 :) Thank you for your continued support :)
Trade closed: stop reached:
28th Jan 2020 was a clear invalidation at the stop-loss, if the lower shadow of the previous day left any doubts.
Following that, 30th Jan 2020 saw a bearish breakout.
Stay safe everyone, don't overextend your risk level, 'til next time~
Following that, 30th Jan 2020 saw a bearish breakout.
Stay safe everyone, don't overextend your risk level, 'til next time~
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