BBKP 25/10/2021 Trade Plan

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Hello, I am Agape
a daily and weekly swing trader

Let's see what is happening on BBKP (Bank Bukopin)

From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months.
And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.

We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high.
Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.

Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.

SL at previous daily swing low
TP1 470 (daily structure)
TP2 580 (gap)

I will enter the trade on Monday market open and let's see what is going to happen next

Manage your lot size
Place trade at your own risk
Pesanan dibatalkan
Manually closed position. IDX Composite Index seems to make corrective wave

Case closed.
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