melaosxp

melaosxp

just a gambling type of trade because it could easily go both ways. need to check what will happen in two days time.

melaosxp

seems like a good trade. probably need to wait for the earning date to kick start the breakout

melaosxp

Could this pair actually break down lower? There could be a potential 2x trade here.

melaosxp

rewards is 2x and big fall after the earning announcement. however reward assumption is that previous low can be met.

melaosxp

no further volatility expected due to lack of news, hence may get stuck in this channel for a while. but the candle is a weak higher high with a higher low.

melaosxp

3x potential trade but earning is too close for comfort, need to check again after 27th

melaosxp

can earnings be predicted based on earning? can trades be made based on a gut feeling? probably not, unless you're george soros. but let's see how this one plays out tomorrow.

melaosxp

a higher high was shown, and the risk to rewards looks good. so taking this trade.

melaosxp

Seeing a weaker higher high but nevertheless the risk to reward ratio is good. hence taking a shot here.

melaosxp

currently hitting on the previous resistance point, so if this opens higher, it should provide a safe enough risk margin to cover this trade.