Hey guys! I have another setup here today $XIAOMI-W(01810)$
On the H4, with RSI moving along an ascending trendline, we have a bullish bias that prices will rise to buy entry at 12.92 where the pullback resistance is. Once there is upside confirmation that prices has broken the entry structure, we would expect bullish momentum to carry price to take profit at 14.54 in line with swing high resistance and 61.8% fibonacci projection. Alternatively, prices could drop to stop loss at 11.26 where the swing low support and 78.6% fibonacci retracement are.
Entry: 12.92 [Smile]
Take profit: 14.54 [Miser]
Stop loss: 11.26 [Cry]
$Xiaomi 5xShortSG220705(DCCW.SI)$
$Xiaomi 5xLongSG221215(DJIW.SI)$
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