Last week ZSX 2020 had hit our target profit at $918 and immediately retraced to $902 level.
This week, the price action shows that now the price is still consolidating at $902 to $906 region; in addition, we also saw two potential entries to long.
In general, I am still Bullish bias this week, similar to last week, $902 hold an important significant Support.
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Buy Limit 2 at $893
Stop Loss at $892 (yes, just $1 Stop Loss)
Take Profit at $918
Risk Reward Ratio = 1.67R
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.