BSTEAD Long Trading Plan
Disclaimer : This analysis is not meant for buy call, but personal trading idea log for reference.
Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by kgiap123).
BSTEAD is in downtrend and BO happen yesterday, 21 July at 0.565. This is confirms by the drawn trendline based on HH & LH indication on chart. Pullback continue on 22 July with a significant volume and break HH resistance as indicated in chart at 0.755. The uptrend may continue tomorrow, and if it breaks the HH resistance line, it may go higher. Based on fibonacci indicator and history SNR the TP are as shown in chart above, highest 0.985.
Confirmation of long position are based on:
- MACD crossing up formed.
- RSI still not overbought.
- MCDX that indicate smart money just appeared and more than 50%.
Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by kgiap123).
BSTEAD is in downtrend and BO happen yesterday, 21 July at 0.565. This is confirms by the drawn trendline based on HH & LH indication on chart. Pullback continue on 22 July with a significant volume and break HH resistance as indicated in chart at 0.755. The uptrend may continue tomorrow, and if it breaks the HH resistance line, it may go higher. Based on fibonacci indicator and history SNR the TP are as shown in chart above, highest 0.985.
Confirmation of long position are based on:
- MACD crossing up formed.
- RSI still not overbought.
- MCDX that indicate smart money just appeared and more than 50%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.