{SWC} EcoWorld International: Moving Averages with Candlesticks
Thank you for your continued support :)
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.
Stop-loss: 0.860
1st Target: 1.40
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.
Stop-loss: 0.860
1st Target: 1.40
Gentle reminder: Plan your trade and trade your plan. Peace out!
Trade active
The target should be RM1.14 :) Thank you for your continued support :)Trade closed: stop reached
28th Jan 2020 was a clear invalidation at the stop-loss, if the lower shadow of the previous day left any doubts.Following that, 30th Jan 2020 saw a bearish breakout.
Stay safe everyone, don't overextend your risk level, 'til next time~
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Related publications
Disclaimer
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.