EG trade ideas
BEARISH ABCD & SUPPORT LINE UPTREND 1HRKelihatan EG mempunyai potensi untuk bergerak menuju ke extension fibo 1.41. Harga berada berdekatan dengan paras support line. Berkemungkinan akan menunjukkan sign positif untuk beberapa hari.
Line hijau merupakan fibo retracement yang boleh consider untuk TP kat sana..
Tayor....
EASY123 Prediction @MYX EGLife is simple...Trade with Simplicity!
*Trend direction: UPTREND - (Higher-High & Higher Low was observed)
*The price was pullback and supported twice at our lifeline (Redlin), on 23 & 29-Jun.
*Turning points (Purple-candle) have appeared on 24-Jun & 2-Jul an indication of the price reversal to upward direction.
Prediction: Sideways and prepare to move upward.
Once it breaks the immediate resistance R0.395 it will take-off to the next level.
*Otherwise, it will hover sideways of the range between 0.385-0.315 within a BOX pattern.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.44-0.48, R2=0.52-0.55
Support/Cut Loss: S1=0.335
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
