120 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...fkli-aug hit the support 1560, slided a bit lower to 1547, then a rebound...the market is still bias to the downside...so short on rebound is a higher probability trade...
resistance : 1585- 1605 (the red colored rectangle)
support : 1547-1560
lower support : 1512-1520
advanced pattern bullish cypher pattern with D leg completion in the range of 1512-1520...SL could be set below 1500... this is a counter-trend trade...so if you never tested this, stay away...
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!
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