FKLI TRADING : 253) downtrend
this is trade 253 frm haidojo trading...
today fkli-jan has come to 1573-low again...so, it seems like option 1 hits the right track...
1) price moves lower and hits lower than 1573, then downtrend......quote frm earlier trade 252)...
if you haven't watched it, you could look at it at the link at the bottom...
a few scenarios to think about, in the next episode:
1) nose-dive drop frm current price to 1550-1545, next level of support
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
3) retest high ranging frm 1593-1604, but go sideway...
4) retest high ranging frm 1593-1604 and moves higher to 1615, going higher and higher...
Personally, I am in favor of option 1) and option 2), since the market has turned back into downtrend...so now short on rebound is the best offer frm the market ...
technical analyst basically is for predicting the future movement of the price so as we are able to trade them in our favor...hence, putting a few
options allow us to prepare for the range of possibilities that might come out and preventing us frm being caught at surprise by market...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1593-1604
immediate support : 1572-1580
lower support : 1545-1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
today fkli-jan has come to 1573-low again...so, it seems like option 1 hits the right track...
1) price moves lower and hits lower than 1573, then downtrend......quote frm earlier trade 252)...
if you haven't watched it, you could look at it at the link at the bottom...
a few scenarios to think about, in the next episode:
1) nose-dive drop frm current price to 1550-1545, next level of support
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
3) retest high ranging frm 1593-1604, but go sideway...
4) retest high ranging frm 1593-1604 and moves higher to 1615, going higher and higher...
Personally, I am in favor of option 1) and option 2), since the market has turned back into downtrend...so now short on rebound is the best offer frm the market ...
technical analyst basically is for predicting the future movement of the price so as we are able to trade them in our favor...hence, putting a few
options allow us to prepare for the range of possibilities that might come out and preventing us frm being caught at surprise by market...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1593-1604
immediate support : 1572-1580
lower support : 1545-1550
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
