Daily chart
- Trading channel is 777.4 - 800.0
- A candle stick similar to hammer was shown on price chart at support area yesterday mean short term rebound.
- Downtrend in daily chart
Hourly chart
- Trading channel is 774.4 -787.5
- If price across 787.5, high chance to reach 793.
* Bias Short (belong to daily chart show downtrend.
* Rebound and Short strategy today.
For daily chart
- Trading channel is 777.6 - 801.5
- Bullish reversal candle stick pattern (morning star) was formed on daily chart, but it must be confirmed by today.
- Now, It's downtrend.
For 60 min chart
- Close price is 796.0
- High chance to reach 800 then throwback
- If price throwback isn't less than 788, that's mean price reversal on 60 min...
- Trading channel is 790 - 805 but at 800 must be concern.
- Looking back on price chart, this zone is choppy market. It's hard for scalping trade.
- Bias short
- Trading channel is 814 - 831
- Reversal candle stick appeared on daily chart
- Price came back to test 819 and could be stand
- In 60 min chart, big white candle stick with volume shown on a chart.
- Bias Long target is 831, the next target is 842.
Daily time frame : Downtrend
Channel trading price : 816 - 830
- follow the same plan as yesterday
- If price stand at 830 in 60 min chart, price can be reach at 844.
- If price can't pass 830 Bias Short!
Please calculate RR ratio before open any position.
Daily time frame : Downtrend
Channel trading price : 816 - 830
- If price stand at 830 in 60 min chart, price can be reach at 844.
- If price can't pass 830 Bias Short!
Please calculate RR ratio before open any position.
Looks like happy days are over, with lower highs and lower lows. SinceTuesday's Engulfing Candle didn't do much.
So here is my setup, if my Put is triggered
The price of S50M20 still bullish side from the lower channel line. We expect the price will moving upward to test the previous high and might breakout to make new high.
TF 15 is the main TF. If tomorrow price jump down than 845.2, TF30 and 60 are going to be downtrend. The downtrend target for TF15 is 816.2. If going up tomorrow and make a u turn not over 884.2, price will come down and possible to make downtrend.
If the price want to be uptrend, it have to go further than 884.2. the target for uptrend is 960.7
