Hey everyone, I have a nice setup here $XIAOMI-W(01810)$
On the H4, with prices moving within the descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 12.36 where the overlap resistance and 38.2% fibonacci retracement are to the take profit at 11.28 in line with swing low support and 78.6% fibonacci retracement. Alternatively, price could break entry structure and rise to stop loss at 13.22 where the swing high resistance and 61.8% fibonacci retracement are.
Entry: 12.36 [Happy]
Take profit: 11.28 [Miser]
Stop Loss: 13.22 [Cry]
$Xiaomi 5xShortSG220705(DCCW.SI)$
$Xiaomi 5xLongSG221215(DJIW.SI)$
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