Will This Wait End Soon?In April 2025 the price appears to be breaking away from dynamic resistance and there will be consolidation in the following weeks.
In the week of July 21, the price broke the consolidation area and tried again to break through the 96-100 resistance area.
Structurally, it is enough to give hope to those affected by harapan
But will those hopes be fulfilled?
It should be noted that the closing candle in the last week of July looked bad. However, there is a but, that the structure has not yet become invalid..
So there are several options:
1. The safest thing is to wait for confirmation of the price breakout from the 96-100 resistance area.
Only if this scenario occurs can you take buy action
2. Install a buy net in the 76-82 consolidation area to get a better RR ratio.
3. Buy speculation range area until 76. As usual, good averaging determines the results.
based : S/R, fibo, candles
DYOR
Trade with your own decision
BIPI trade ideas
BIPI Buy Position1. Trend Confirmation:
Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend.
2. Fair Value Gap (FVG):
On the Weekly chart, identified Fair Value Gap between 69 - 71.
3. Trade Execution
Entry Price: 74 ( Engulfing Candle on 5 Nov 24)
SL: 66 (FVG)
TP1: 110 (1.618 Fibbo)
Risk-Reward Ratio (RRR): 1:4.5
Monitoring: Check-in daily closing price
4. Outcome:
Exit Price:
Profit/Loss: pips
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.