I know a lot of traders are bullish on this, however I can't see the breakout of the downtrend yet.
Any advise?
Wait for price confirmation or enter with a tight stop loss.
- Current price 251.23 is still within the two downtrend Line.
- Current price hit resistance on 150/200 Daily EMA.
- Daily still show strong bullish candle.
[I]I was in a lost trade during the downtrend, and manage to turnaround and sold it at a good profit during the trend reversal. Re-entry and sold it off again on 3 Aug when there is a slight pullback.
Trying to learn to put in more effort in risk management after few lost trades.[/I]
Plan
Thinking to enter the trade at suport level between 243.32 - 246.18 with a tight stop loss.
If it goes well, it should go above 277.67, otherwise a bearish double top will form.
Stop Loss
-3
Price Target
- 277.67 (previous high)
This is not financial advice.
Please be kind, I am really new and welcome constructive feedback:)
Any advise?
Wait for price confirmation or enter with a tight stop loss.
- Current price 251.23 is still within the two downtrend Line.
- Current price hit resistance on 150/200 Daily EMA.
- Daily still show strong bullish candle.
[I]I was in a lost trade during the downtrend, and manage to turnaround and sold it at a good profit during the trend reversal. Re-entry and sold it off again on 3 Aug when there is a slight pullback.
Trying to learn to put in more effort in risk management after few lost trades.[/I]
Plan
Thinking to enter the trade at suport level between 243.32 - 246.18 with a tight stop loss.
If it goes well, it should go above 277.67, otherwise a bearish double top will form.
Stop Loss
-3
Price Target
- 277.67 (previous high)
This is not financial advice.
Please be kind, I am really new and welcome constructive feedback:)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.