Hola guys! Another update on $MEITUAN-W(03690)$ Looking t...

Forexbae wrote a post · Jul 1, 2022 04:48

Hola guys! Another update on $MEITUAN-W(03690)$

Looking to play the bounce now.

With price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position at the horizontal pullback support where the 23.6% Fibonacci retracement and ichimoku support is. Looking to play it back to the horizontal swing high in line with the 78.6% Fibonacci retracement. Alternatively, price may break structure and head for my stop loss where the next horizontal pullback support and 38.2% fibonacci retracement are.

Entry: 185.4

Take profit: 212.8

Stop loss: 175.6

$Meituan 5xShortSG220216(DZXW.SI)$

$Meituan 5xLongSG220808(DMGW.SI)$