Insights on Baidu?
Hey guys!!! I have a trade setup $BIDU-SW (09888.HK)$
On the H4, with prices moving below the ichimoku indicator, I have a bearish bias that prices will drop from the sell entry at 130.8 where the overlap resistance and 50% fibonacci retracement are to the take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price may break entry structure and rise to stop loss at 155.5 where the 78.6% fibonacci projection and swing high resistance are.
Entry 130.8![]()
Take profit 104.0![]()
Stop loss 155.5![]()
$Baidu 5xShortSG230330 (DBJW.SG)$
On the H4, with prices moving below the ichimoku indicator, I have a bearish bias that prices will drop from the sell entry at 130.8 where the overlap resistance and 50% fibonacci retracement are to the take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, price may break entry structure and rise to stop loss at 155.5 where the 78.6% fibonacci projection and swing high resistance are.
Entry 130.8
Take profit 104.0
Stop loss 155.5
$Baidu 5xShortSG230330 (DBJW.SG)$
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