English Version
Based on my 20cents thoughts and analysis... and yes of course TRADE-WHAT-YOU-SEE kind of thoughts. I can conclude there are probability based on few providence(probability-evidence).
a) Purple line : Falling wedge, which indicates the reversal price when BO(break-out) above falling wedge line.
b) Bearish Butterfly Pattern : Which indicates the price has a possibility to extend up to the greener line(TP3)
c) Green Line : I use fibo level as a direction for TP(Take Profit).
This is for LONG aka Swing mode. So if im going to buy, here is my decision...
1. EP(Entry Point) at the nearest support level falling wedge, ranging 0.530 - 0.540
2. TP(Take Profit) at the green line. Dont be greedy !
3. CL (Cut Loss) decision at the red line. I use the previous lowest candle as my direction for CL.
Well, this is only the probability, if u wanna trade, please trade at your own risk. And at least prepare your trading plan as well.
If you have any thoughts, please drop it out below. Let's talk about it !
TAYOR (Trade at your own risk). All the best traders !
Malay Version
Berdasarkan analisa yang tak seberapa ni. Ada beberapa bukti dan kebarangkalian yang saya dapati didalam kronologi.
a) Line ungu : Falling wedge, menunjukkan harga ada kemungkinan boleh melakukan breakout.
b) Bearish butterfly pattern : menunjukkan bahawa kebarangkalian harga boleh capai ke TP3.
c) Line hijau : Saya menggunakan fibo level sbg direction TP.
Walaubagaimanapun, analisa ni untuk swing mode. Kalau saya nak enter, ini keputusan trading yang saya akan lakukan...
1. EP dekat2 dengan line support dalam range 530-540.
2. TP dekat line fibo hijau, JANGAN TAMAK !
3. CL dekat line merah. saya menggunakan previous low candle sebagai arah menentukan CL.
All the best traders ! TAYOR!!
Based on my 20cents thoughts and analysis... and yes of course TRADE-WHAT-YOU-SEE kind of thoughts. I can conclude there are probability based on few providence(probability-evidence).
a) Purple line : Falling wedge, which indicates the reversal price when BO(break-out) above falling wedge line.
b) Bearish Butterfly Pattern : Which indicates the price has a possibility to extend up to the greener line(TP3)
c) Green Line : I use fibo level as a direction for TP(Take Profit).
This is for LONG aka Swing mode. So if im going to buy, here is my decision...
1. EP(Entry Point) at the nearest support level falling wedge, ranging 0.530 - 0.540
2. TP(Take Profit) at the green line. Dont be greedy !
3. CL (Cut Loss) decision at the red line. I use the previous lowest candle as my direction for CL.
Well, this is only the probability, if u wanna trade, please trade at your own risk. And at least prepare your trading plan as well.
If you have any thoughts, please drop it out below. Let's talk about it !
TAYOR (Trade at your own risk). All the best traders !
Malay Version
Berdasarkan analisa yang tak seberapa ni. Ada beberapa bukti dan kebarangkalian yang saya dapati didalam kronologi.
a) Line ungu : Falling wedge, menunjukkan harga ada kemungkinan boleh melakukan breakout.
b) Bearish butterfly pattern : menunjukkan bahawa kebarangkalian harga boleh capai ke TP3.
c) Line hijau : Saya menggunakan fibo level sbg direction TP.
Walaubagaimanapun, analisa ni untuk swing mode. Kalau saya nak enter, ini keputusan trading yang saya akan lakukan...
1. EP dekat2 dengan line support dalam range 530-540.
2. TP dekat line fibo hijau, JANGAN TAMAK !
3. CL dekat line merah. saya menggunakan previous low candle sebagai arah menentukan CL.
All the best traders ! TAYOR!!
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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.
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.