Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
Last close at resistant level,
Bar price action and the volume, showing buyers' power increase.
if it can break the resistant level 0.56-0.57, expecting the next level reaching 0.8
I'm expecting this time will be a real breakout.
Write your thought in the comment session :)
P.S
Please, note that an...
>> need to stay intact with the uptrend Parallel Channel.
>> It need to break above the downtrending line (pink). Otherwise will head south.
>> Stochastic is OS ATM, watch out. OS may continue OS.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what...
Bismillahirrahmanirrahim
KIALIM FORECAST
TREND EXPLAINATION
- Trend currently hit Fibonacci area 0.786 and rebounce. It shows the end of the Retracement of Downtrend
- In lower TF (H1) price now on retracement Mode on Mini Downtrend
ENTRY EXPLAINATION
- Currently no Bullish Heiken Ashi had been sighted. Awaiting the Bullish Heiken Ashi to appear as long as...
UPTREND
BOD stock , last time resistant at 0.40
Analysis
1. Uptrend – PASS
2. Fast / slow Turtle Buy Signal appear - PASS
3. FiFT +ve – PASS ( with BOB )
4. Near significant support- PASS ( FIBO, DOUBLE BOTTOM SUPPORT, EMA 50)
5. Price Above EMA 50 - PASS
Best BoD setup. RM 0.44 , wait at there to buy near to support
