Week 49: ZSF 2021 Still bullish
Weekly analysis for ZSF2021
Week 49: 30 November to 04 December 2020
Here is the playbook for Week 49, overall it is still Bullish.
(a) Currently on H4, the price is forming a bullish flag with $12,000 is the current Resistance Level.
(b) It may not be a straight forward bullish; the real key level is at $11,161.50 (area).
What does this mean?
(1) If the price make a clean break on $12,000 then we put a Buy Limit at $12,000 area
(2) If the price just make a shy break on $12,000 level, then we are expecting either a False Breakout or another price compression.
(3) If the price cannot break $12,000 it is still Bullish, don't get trapped by thinking that the trend has changed. The direction is only changing after the price enters $11,161.50 and below.
Therefore, overall this week is still bullish bias; take a rational decision, don't get emotion involved.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 49: 30 November to 04 December 2020
Here is the playbook for Week 49, overall it is still Bullish.
(a) Currently on H4, the price is forming a bullish flag with $12,000 is the current Resistance Level.
(b) It may not be a straight forward bullish; the real key level is at $11,161.50 (area).
What does this mean?
(1) If the price make a clean break on $12,000 then we put a Buy Limit at $12,000 area
(2) If the price just make a shy break on $12,000 level, then we are expecting either a False Breakout or another price compression.
(3) If the price cannot break $12,000 it is still Bullish, don't get trapped by thinking that the trend has changed. The direction is only changing after the price enters $11,161.50 and below.
Therefore, overall this week is still bullish bias; take a rational decision, don't get emotion involved.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
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.