LONG JP225: A great move to the upside
Zaktualizowano
let's get into practical details without any bullshit in the beginning...
We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step.
We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1.
Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning.
Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline.
Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline.
Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000
I'm following it with you daily to keep you up to date.
Chiao!
We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step.
We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1.
Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning.
Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline.
Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline.
Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000
I'm following it with you daily to keep you up to date.
Chiao!
Zlecenie aktywne
Let's go ...!Bismillah
Uwaga
We are still fighting with the MA20 & MA50 on the daily while also trying to shape H&S on the H1 chartUwaga
A great breakout to the neckline on the H4 chart. Please notice that our first target is 22732Have Fun!
Uwaga
This daily candle we're in now is really critical and will decide whether we will have a fast movement or we will just waste some time. It's facing MA50 and a massive resistance on 22650 that need to close above all of them. I'll be so bored if I saw a rejection hahaUwaga
If I hit my target soon on 22732, I'll close there waiting for a pullback to target our next level at 23000Transakcja zamknięta: osiągnięto wyznaczony cel
We successfully have just hit our first target at 22732. I closed all the positions waiting to see a breakout above 22750 to long again (preferred after a pullback) targeting 23000 with making 22750 my new support. Please note that we have a triangle on the daily chart and we need a breakout too to make sure that we will reach our target.Zlecenie aktywne
Let's attack 23000
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