Last idea was successful and made some profits. Let's try to exploit ZRX movement again.
ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.
Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.
In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.
Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.
Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.
In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.
Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Catatan
Hm, maybe Entry 1 is not such a good idea, if this harmonic is of any value. I'll watch it at that level and if it will behave, I'll open an order.Catatan
After some thinking and a beer, Entry 1 stays, just a little bit smaller than was planned at start :)Catatan
Entry 1 got filled.Trade aktif
Catatan
Added some more here, removed breakout entry.Catatan
Entry 2 also got filled in.Trading ditutup: stop tercapai
Stop reached. I hope it won't just turn to upside now ... let's see.
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