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dukeposh

CBG | Doubled Bottom Breakout in TFW - 1st Trend Reversal

Long
CARABAO GROUP PUBLIC COMPANY LTD (SET:CBG)  
dukeposh  
SET:CBG   CARABAO GROUP PUBLIC COMPANY LTD
Support and Resistance Fibonacci Double Top or Bottom setindex priceaction smartmoney bankerchip fundflow bbdsignal
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supportandresistance fibonacci doubletoporbottom setindex priceaction smartmoney bankerchip fundflow bbdsignal
Price action and chart pattern trading setup
> First time trend reversal pattern doubled bottom in weekly timeframe - a significant level trend reversal pattern
> 1st Entry at breakout and 2nd one at pullback retraced
> Target zone near SMA200 (0.618 retracement)
> Risk Reward Ratio: 1.5-2:1 for medium term trade
> Stoploss near the lowest bottom
Indicator support:
> Strong smart money and banker chip volume
> Fundflow RSI coming out of oversold area
> BBD positive signal cross above baseline
> KDJ stochastic on uptrend ribbon

Always trade with affordable risk and respect your stoploss
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