Week 45: ZSF 2021 Consolidation Phase
Weekly analysis for ZSF2021
Week 45: 02 to 06 November 2021
Overall, this week I am very bearish bias.
There are two spots of level which give us a good profit ratio:
(1) Sell Limit at $1,065
(2) Sell Stop at $1,035
There is no trade call today (this week), just a few guidelines:
a. If you are shorting now or still haven't closed your trade from last week position, the best Take Profit level is at $1,036
b. If you are looking to sell, wait for the price to breach $1,035 or bounce to $1,065 or split your lot size with heavy on top.
c. Stop Loss is at $1,067 (close all your short positions if the price is closed at this level or higher)
d. Take Profit is at $1,000
e. Last advise, keep in mind that now the price is forming the head, it needs to form the right shoulder before going down.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 45: 02 to 06 November 2021
Overall, this week I am very bearish bias.
There are two spots of level which give us a good profit ratio:
(1) Sell Limit at $1,065
(2) Sell Stop at $1,035
There is no trade call today (this week), just a few guidelines:
a. If you are shorting now or still haven't closed your trade from last week position, the best Take Profit level is at $1,036
b. If you are looking to sell, wait for the price to breach $1,035 or bounce to $1,065 or split your lot size with heavy on top.
c. Stop Loss is at $1,067 (close all your short positions if the price is closed at this level or higher)
d. Take Profit is at $1,000
e. Last advise, keep in mind that now the price is forming the head, it needs to form the right shoulder before going down.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Comment:
Today is a good day to Short, sell at $1,056.