Buying into Major Support area on the 15 Minutes Time Frame's range.
Price is currently in parabolic sell, so I expect price to be rebounding off this major support.
Reason for parabolic selling is late scalpers coming into the game just like Labubu by PopMart's bottleneck release (limited stocks available). They think that they are able to sell Labubu for sky high prices because there's anaconda like queues outside official PopMart trying to get their hands on Labubu to resell for sky high prices.
Many people get burnt when PopMart released more stocks. Who would want to buy from scalpers when they can get it from official PopMart when buyers doesn't even know if the stock is authentic or not?
That's just template explanation. I don't know the actual reason why EURGBP is parabolic.
4H and 1H is going downward according to the 60SMA, but I am not going to sell into Major Resistance and I want to do something, and I think this opportunity is alright. Just don't be greedy.
I haven't place any Buy Limit Orders yet. Shall see.
Taking profit at the next Minor Resistance level as marked.
1802SGT 02122024
Price is currently in parabolic sell, so I expect price to be rebounding off this major support.
Reason for parabolic selling is late scalpers coming into the game just like Labubu by PopMart's bottleneck release (limited stocks available). They think that they are able to sell Labubu for sky high prices because there's anaconda like queues outside official PopMart trying to get their hands on Labubu to resell for sky high prices.
Many people get burnt when PopMart released more stocks. Who would want to buy from scalpers when they can get it from official PopMart when buyers doesn't even know if the stock is authentic or not?
That's just template explanation. I don't know the actual reason why EURGBP is parabolic.
4H and 1H is going downward according to the 60SMA, but I am not going to sell into Major Resistance and I want to do something, and I think this opportunity is alright. Just don't be greedy.
I haven't place any Buy Limit Orders yet. Shall see.
Taking profit at the next Minor Resistance level as marked.
1802SGT 02122024
Note
First Buy Limit : 0.82581 TP : 0.82766 Near 1st Market Buy breakeven.
1806SGT 02122024
Note
Placed Buy Limit at 0.82715, at the support area of the Micro Range's Support. TP set at 0.83030, same TP level as the 1st Buy Market position's TP.1951SGT 02122024
Trade closed: target reached
I forgot to update the EURGBP trade here but I updated it in my telegram channel already LOL. Here's what I wrote in my telegram channel @ t.me/DCA60SMA15MINUTES or search DCA60SMA15MINUTES.
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#016 DCA EURGBP BUY +0.33cents SGD PROFIT ## No Minus Commission because commission below 0.00 cents. 1105SGT 03122024
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Up from last week's 213.5$ SGD to now, currently sitting at 216.5$ SGD +-.
2236SGT 03122024
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.