Hey guys!! Let me know what you think about this setup$BABA-SW(09988.HK)$ On the H4, with the price reversing off the ichimoku resistance, we have a bearish bias that price will drop from our sell entry at 102.85 where the horizontal swing high resistance is to our take profit at 79.65 in line with the horizontal swing low support and 61.8% Fibonacci projection. Alternatively, price may break entry structure and head for stop loss at 106.15 where the horizontal pullback resist...
MettThe Investor 101OP:
High/low of cloud are strong support/resistance. If price manages to hit 102.85, meaning it punches through low of cloud, also means breakout of upper channel (the point where these 2 meet will be a strong one). That’s some strength. And high of cloud now becomes strong support. Lower probability if short not far from above. But what do I know? Just saying…
$BABA-SW(09988.HK)$ Hey guys! Anyone else eyeing Prices have broken a key resistance and our descending trendline at 109.5Looking to get in at the buy entry @ 110.2 in line with 78.6% Fibonacci projection and also horizontal overlap. Probably going to long to 123.55 in line with 50% Fibonacci retracement and have my stop loss at 96.95 in line with 38.2% Fibonacci retracement. MacD is also supporting our bullish bias. Entry: 110.2 Take Profit: 123.55 Stop Loss: 96.95 What do yá...
Hola guys! Let me know what you think about this setup on$BABA-SW(09988.HK)$ I'm looking to get in at 108.2 where the horizontal overlap resistance, resistance of ichimoku cloud and 61.8% Fibonacci retracement is and playing it to 71.15 in line with the horizontal swing low support and 61.8% Fibonacci projection level. I'll have my stop loss at the next swing high resistance at 123.30 in line with the 78.6% Fibonacci retracement. My bearish bias is further supported by how pr...
1
3
1
Report
morganfreefarm :
Don't like the Risk-Reward ratio. I'd adjust stop loss to 115.
Hola guys! Let me know what you think about this setup on$BABA-SW(09988.HK)$ I'm looking to get in at 92.70 where the 38.2% Fibonacci retracement and horizontal pullback resistance is and playing it to 88.05 in line with the 161.8% Fibonacci extension. I'll have my stop loss at the next swing low resistance at 94.70 which aligns with the 61.8% Fibonacci retracement. Entry:92.70 Take Profit:88.05 Stop Loss: 94.70 $Alibaba 5xShortSG230202(DAGW.SG)$ $Alibaba 5xLongSG220608(DGFW.SG)$
Mett : Do u mean u are gg to short if price reaches 102.85?
The Investor 101OP Mett: I will be entering the sell trade at 102.85
102987738 The Investor 101OP: not going to happen. It retraced at 61.8% retracement
Mett The Investor 101OP: High/low of cloud are strong support/resistance. If price manages to hit 102.85, meaning it punches through low of cloud, also means breakout of upper channel (the point where these 2 meet will be a strong one). That’s some strength. And high of cloud now becomes strong support. Lower probability if short not far from above. But what do I know? Just saying…