Daily and weekly breakout at the same time.
High daily volumes vs average daily volumes (SMA60).
The first real resistance is around 200 JPY.
Sl right under the daily candle.
News are good.
The price is stuck in a range since several months.
The price tried to get out of his range but the gap was huge.
Its just filled !
I tried a buy on friday with a very short SL. First target is around 1.20$ zone.
SL is on the 0.55$ zone.
In case of breakout with high volumes (above 0.1 hkd), the target is clearly 0.2 hkd.
To see the target you have to check the graph in weekly, you will notice it !
Its a daily anlysis.
In case of daily close above 1.25 with high volumes ill take a set up with a SL around 1.10usd.
The first target will be around 3.00usd.
Price is stuck in a tight daily range which is an historic low level.
I love this kind of situation.
Nice weekly set up.
Need to be patient.
Break out of an old resistant.
In my opinion: a stop loss right under the weekly candle which just closed is a nice idea. Its an agressive sl which allows a very great risk/reward.
analysis based on Bollinger, volumes and technical pattern.
Nice daily pattern.
Will try to buy it at 199-200jpy.
Breakout with high volumes.
We are above the upper band of bollinger and above the resistance.
SL very short (-4,50% at 189jpy).
As i have no really target i will follow the SMA10 and will sell if the price crosses down the SMA10.
Strong long term support and strong long term resistance.
Bought 3.25 usd on friday 19 of May.
SL at 3.00usd (8% belowmy setup)
Target around 5usd.
It should be a nice risk/reward.
Bollinger bands looks fine, high volume transactions.
The price was stuck in a narrow daily range.
Lets see what happens...
