ENTRY: 7.08 SL: 6.90 TP1: 7.22 TP2: 7.51 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Cup and handle pattern from Jun 2022. Today looks like breakout from handle. - Entry today based on breakout and >3% rebound off 10EMA with volume.
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Hmm what's my train of thought on this ticker SGX:BN4 , at first glance, it's bearish . Just a quick one, I would like to split into two style of trades: For a scalper : Mark the area $4.76 to $4.90, that is our waiting zone area. Once the price break either Support and Resistance, then you know what to do. If break the Resistance, our TP is at $5.20 If break...
Price is facing bearish pressure and a test of our sell entry in line with our previous break out level could present an opportunity for a short.