Market Structure : Uptrend (based on the Weekly and Daily Candlestick Pattern)
Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected
the support at 0.50.
Strategy : Bouncing Strategy (Swing Trading, Short Term)
Entry Price : TBC
Stop Loss : TBC
Exit Strategy : Trailing Loss (following 50EMA). Or to look out for if the uptrend losses its momentum (lower swing high, and lower swing low)
Based on my analysis, it might trade at a breakout within the next few days. To wait for price confirmation within 1-2 days to see if it breakout at USD65.00.
PS: Anyone who see this, please note that this is just a trading idea for short term. I am still learning with all these technical analysis, so appreciate if you could highlight to me the area which you find disagree with. Anyway, happy trading!
Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected
the support at 0.50.
Strategy : Bouncing Strategy (Swing Trading, Short Term)
Entry Price : TBC
Stop Loss : TBC
Exit Strategy : Trailing Loss (following 50EMA). Or to look out for if the uptrend losses its momentum (lower swing high, and lower swing low)
Based on my analysis, it might trade at a breakout within the next few days. To wait for price confirmation within 1-2 days to see if it breakout at USD65.00.
PS: Anyone who see this, please note that this is just a trading idea for short term. I am still learning with all these technical analysis, so appreciate if you could highlight to me the area which you find disagree with. Anyway, happy trading!