1. Price candle break out MA 200 on 13 June '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 24 May '23 to 13 June '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 10 July '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4....
JCY is showing same pattern/baselike SKBSHUT prior to rally and demand started coming in. Once breaking out the upper trendline, can look for entry. TAYOR.
the seller is slowing down... overall structure looks stable.
300-315 is the support zone.
and Price need to break and closed above 350 level.
next Resistance 375, 400
Trading Idea JCY (15/6/2021)
- Potential EMA crossed-over with volume
- Support and resistance as drawn.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
JCY
Break ATL 0.390 ❌
Break DTL 0.380 ✅
Rebound MA20 ✅
Signal eazytrade TF 1D 2 april ✅
Signal eazytrade TF 4H 1 april ✅
Next major resistant 0.455
Next minor resistant 0.385, 0.505
Trading ideas.
Monthly TF.. Sellers shows weakness.
Price stop at hidden zone @ weekly/daily TF and show rejection.
Blue zone is the best point. 50% retracement from pinbar.
Trade at your own risk. TAYOR
BuY BotTom, SeLL hIgH.
For me its looks like compression after failed to break the resistance at 0.87. There are two demand nearby. Possible for long if there are reversal candle or double bottom form at support or demand area. SL if break support and TP at nearest resistant to be safe.
