This is what i found since the last published about XOX. Another fact that i wanna share,
1. Price is moving downwards inside the FALLING WEDGE PATTERN. 2. Reversal sign harmonic pattern appear which indicates that the price can be retraced at the blue fibo line.
Here is the probability "trade based on what u see" from my own analysis.
Firstly : Im gonna wait for an Entry Point at 0.140 dan a Cut Loss decision at 0.120 Secondly : My Take Profit decision will be at the green line or below.
Trade at your own risk. Truth hurts, but it is an opportunity later.
If you got anything to tell or ask, might dropping your thoughts below in the comment section.
Hi ! I'm new in trading and correct me if i'm wrong.
Means XOX will rebound at 0.14, so thats the entry point and cut loss at 0.12 (safety net) and sell around the green line ?
i know there is no buy sell recommendation. Just wanted to understand more on about this article =)
zhafrihandsome
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@alexloohp, Hello Alex ! Sorry for late replying. Yes exactly ! U understood it right ! Sometimes u can also sell as long as it has already move upper than your entry point. But depends, just dont be greedy. All the best alex ! So far how was your trade ?
alexloohp
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@zhafrihandsome, Hey, no worries at all. Thank you very much for sharing.
Noted on the advise. Still learning phase, not that good in result but i'm sure i will get hold of it with more learning from articles in here and fb, haha.
zhafrihandsome
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@alexloohp, You will soon ! You will be a great trader later, trust me !
Im excited knowing that at least my little thoughts was helping you out. This is for your own studies, u can try finding this indicator. Let me list it down for you to explore.
There are too many indicators that i probably need to google the usage for most of them haha
zhafrihandsome
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@alexloohp Sorry, almost forgot bout that 😅😅 Okayy, u may try volume and macd first ! All the best Alex !
UmarFaruqi
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Hello Sir. May i know your analysis for this XOX? because from this previous analysis i see that the XOX already hit your SL which is 0.12. SO it will going downward?
zhafrihandsome
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@UmarFaruqi, morning. I still stick to my decision, to re-enter and q buy back at 140 for the confirmation of reversal upwards. All the best !
Means XOX will rebound at 0.14, so thats the entry point and cut loss at 0.12 (safety net) and sell around the green line ?
i know there is no buy sell recommendation. Just wanted to understand more on about this article =)