BUY FADX15Dear Emirati traders and investors, it's been a while since I posted about UAE markets, now I'm sharing with you a trade I gave to my customers last week before the correction and now since I'm telling them to reinforce their position I said why not to share it to the public.
Set your SL and TP as it placed on the chart and follow for weekly analysis on all Middle Eastern local markets.
If you got any question the comment section is all yours.
FADX15 trade ideas
20 reason for sell ADX 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: the overall market is in bullish
2 📆Monthly: the market is in full bullish formation, making higher highs and lower high
3 📅Weekly: a clean bull trend is formatted for now market shows some weakness
4 🕛Daily: with an inducement market, formed a bear structure and made a clear lower low and a higher low right now. According to daily, the tf market is in a correction mood and also filled out their correction successfully now, ready for an impulse move
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: narrow range
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL Rsi: shifted range from bullish to sideways right now
9: 5 Volatility measure Bollinger bands: resistance at the middle band
10: 6 Strength ADX: completely sideways
11: 7 Sentiment ROC:
✔️ Entry Time Frame: h1
12: Entry TF Structure: bear
13: entry move: impulse
14: Support resistance base: resistance at last order flow
15: FIB: waiting for the trigger event
☑️ final comments: after the trigger event, we can enter this position
16: 💡decision: sell
17: 🚀Entry: 10310
18: ✋Stop losel: 10360
19: 🎯Take profit:9754
20: 😊Risk to reward Ratio: 1:10
🕛 Excepted Duration: 30 days