Hi everyone! I have a setup here for you guys $Meituan(03690)$
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop from sell entry at 178.3 where the pullback resistance is to the take profit at 130.7 where the swing low support is. Alternatively, prices will break entry structure and rise to stop loss at 210.3 where the swing high resistance and -61.8% fibonacci expansion are.
Entry: 178.3 [Smile]
Take Profit: 210.3 [Cool]
Stop Loss: 210.3 [Cry]
$Meituan 5xShortSG220216(DZXW.SI)$
$Meituan 5xLongSG220808(DMGW.SI)$
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