BBKP trade ideas
BBKP 25/10/2021 Trade PlanHello, I am Agape
a daily and weekly swing trader
Let's see what is happening on BBKP (Bank Bukopin)
From monthly perspective, it is very clear that it printed a bullish structure higher high and higher low. Price cant break below 394 for months.
And at 2 August monthly candlestick, it broke previous swing high (622) and went down leaving a huge shadow that hasnt filled yet. For me, the price will fill that shadow in the future. So monthly perspective is bullish.
We go down to weekly perspective, as i said earlier. 2 August candlestick printed a very strong bullish engulfing and it was the first time higher high.
Price went down but couldnt break 394 (27 September - 11 October ), so i assume that is a new higher low. After higher high and higher low structure, what do we expect next? a new higher high. Weekly perspective is clear bullish.
Daily timeframe is where we enter the market. It is absolutely clear that price printed a bullish structure (higher high and higher low) and 22 october daily candle close is a bullish pin bar.
SL at previous daily swing low
TP1 470 (daily structure)
TP2 580 (gap)
I will enter the trade on Monday market open and let's see what is going to happen next
Manage your lot size
Place trade at your own risk
BBKP - Waiting for RetraceNote : If you have any questions, feel free to send me message
Please give your comment/idea. Thanks
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea : BBKP - Waiting for Retrace
Note : If you have any questions, feel free to send me message
Please give your comment/idea. Thanks
BBKPNB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
BBKP to be Red or to be BlackIts time to think long term trading risk on BBKP. Most probably, Bukopin could not improve AO's movement, it can be seen an increase from under 500 to above 500 just for short time, it is because IDX made technical rebound. So the grand idea of BBKP will be interesting when its price drop to under 400 as drawn in red scenario.
Meanwhile, we have to take into account optimistic schenario that described by black line. Volatile of BBKP will be running on 5 subwaves from A B C D and E. After medium sideway, BBKP could be rocketed to above 750.
BBKPRESIS AT 528
SUPP AT 476
BBKP JUST BOUNCING FROM SUPPORT AND THE GANN FAN
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Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
BAKKARIANZ BBKPmy anticipate,the market follow the orange pattern. ^_^
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
THE RISING WEDGE PATTERNBBKP IS FORMING A PATTERN CALLED THE RISING WEDGE, THIS PATTERN CAN DRAG DOWN BBKP TO 248 - 220
248 IS THE TARGET WHERE THE PAST GOT CONSOLIDATE AND BREAK UPSIDE AFTER RETEST THE PRICE STOP AT THE CONSOLIDATE SUPPORT.
220 IS THE RISING WEDGE ITSELF LAST TARGET
SO WHOEVER HOLD BBKP CAN MAKE A TRADING PLAN AVG AT BOTTOM? (WAIT THE NEXT UPDATE)
DISCLAIMER ON!
-RUPIN