strategy for BIDU thursday 09/23/2021
(BIDU buy price 164.00)
(BIDU sell price 158.00)
strategy: bidu has as resistance mv 50 daily chart and double top at 163.00 it will need to open with gap near the zone of mv 50 go up violently to break the double top and then touch the buy price 164.00. If so, we must wait for the retest in the zone of mv 9 or 10 period in graph of 5mn. our objective is to take profits in the supply zone 168.00 and 169.00.
bearish strategy: our bearish entry must be confirmed below the sell price, closing price, and both mv 200 at 5mn and 15mn, if so, it would give us a strong bearish signal.
Note: remember to mark the support and resistance in the pre market and put the stop below the previous candle, we only have to lose one candle
(BIDU sell price 158.00)
strategy: bidu has as resistance mv 50 daily chart and double top at 163.00 it will need to open with gap near the zone of mv 50 go up violently to break the double top and then touch the buy price 164.00. If so, we must wait for the retest in the zone of mv 9 or 10 period in graph of 5mn. our objective is to take profits in the supply zone 168.00 and 169.00.
bearish strategy: our bearish entry must be confirmed below the sell price, closing price, and both mv 200 at 5mn and 15mn, if so, it would give us a strong bearish signal.
Note: remember to mark the support and resistance in the pre market and put the stop below the previous candle, we only have to lose one candle
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