Thoughts on UOB?
Hey everyone, I am back with another setup $UOB(U11.SG$
On the H4, with prices moving below the ichimoku indicator, I have a bearish bias that prices will drop to sell entry at 25.62 where the swing low support, 100% fibonacci projection and 50% fibonacci retracement are. Once there is downside confirmation, I would expect bearish momentum to carry prices to take profit at 17.37 in line with swing low support. Alternatively, prices could rise to stop loss at 28.18 where the overlap resistance is.
Entry: 25.62![]()
Take profit: 17.37![]()
Stop loss: 28.18![]()
$UOB 5xLongSG230713(DHBW.SG$
$UOB 5xShortSG221201(DEZW.SG$
On the H4, with prices moving below the ichimoku indicator, I have a bearish bias that prices will drop to sell entry at 25.62 where the swing low support, 100% fibonacci projection and 50% fibonacci retracement are. Once there is downside confirmation, I would expect bearish momentum to carry prices to take profit at 17.37 in line with swing low support. Alternatively, prices could rise to stop loss at 28.18 where the overlap resistance is.
Entry: 25.62
Take profit: 17.37
Stop loss: 28.18
$UOB 5xLongSG230713(DHBW.SG$
$UOB 5xShortSG221201(DEZW.SG$
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费北敬 : How u make profit at 17.37?
Sushi Baby :
102539156 Dan : Short all d way to covid level… but that’s abit over… unless something big happens, not possible to reach that level… recession can’t reach that level too… unless a prolonged one
Hello12341234 102539156 Dan : Never say never it’s possible. No support no rebound all the way down