Thoughts on BYD?
On the H4, price is moving above the ichimoku indicator, giving me a bullish bias that price will rise from the buy entry at 254.0 where the swing low support is to the take profit at 280.2 where the swing high resistance,100% fibonacci projection and 78.6% fibonacci retracement are.
Alternatively, prices could break entry structure and drop to stop loss at 244.4 where the overlap support and 38.2% fibonacci retracement are.
Entry: 254.0![]()
Take profit: 280.2![]()
Stop loss: 244.4![]()
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG221115(MHLW.SG$
Entry: 254.0
Take profit: 280.2
Stop loss: 244.4
$BYD 5xLongSG230202(DLCW.SG$
$BYD 5xShortSG221115(MHLW.SG$
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