Good day traders!
We're looking at a potential sell setup for  $百度集團-SW (09888.HK)$
And here is why:
1.) The price is moving below ichimoku cloud and showing a dropping trend
2) We are looking a sell opportunity at 119.6, which is the upper bound of consolidating area
3) The take profit is set at 103.7, where the swing low and 141.1% fib projection are
Anyone else have a similar short-term bearish outlook?
Trade Entry recommendations:
Buy Entry: 119.6
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Hey guys, I have a setup here for you guys $百度集團-SW (09888.HK)$
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that prices will rise from the buy entry at 130.7 where the overlap support and 61.8% fibonacci projection are to the take profit at 155.6 where the swing high resistance, 100% fibonacci projection and 61.8% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss at 104.0 where the swing low su...

Hey everyone! I have another setup here today $百度集團-SW (09888.HK)$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 130.7 where the overlap support and 23.6% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection are. Alternatively, pri...

Hey guys, I have an interesting setup here $百度集團-SW (09888.HK)$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 130.7 where the overlap support is. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 104.0 where the swing low support and 78.6% fibonacci projection is. Alternatively, price could rise to stop loss at 155.6 ...

Hey everyone, I have a setup here $百度集團-SW (09888.HK)$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 130.8 where the overlap support, 100% fibonacci projection and 50% fibonacci retracement are. Once there is downside confirmation of price breaking sell entry, we would expect bearish momentum to carry price to take profit at 104.2 where the swing low support is. Alternatively, price may rise to stop loss...