BBKP
BBKP 25/10/2021 Trade PlanHello, I am Agape
a daily and weekly swing trader
Let's see what is happening on BBKP (Bank Bukopin)
From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months.
And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.
We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high.
Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.
Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.
SL at previous daily swing low
TP1 470 (daily structure)
TP2 580 (gap)
I will enter the trade on Monday market open and let's see what is going to happen next
Manage your lot size
Place trade at your own risk
BAKKARIANZ BBKPmy anticipate,the market follow the orange pattern. ^_^
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.