FKLI TRADING : 289) consolidation phase
this is number 289...
gud news is, both the previous advanced patterns hit their targets...(check back 286 and 285 for detail)
bad news is, fkli-june is still in sideway market...
If u play with trending strategy, this is the worst case scenario to work with...however, advanced patterns could save the day...
as the saying goes " consolidation breeds advanced patterns" ...
so either we wait for more advanced patterns to come...or wait for breakout...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
gud news is, both the previous advanced patterns hit their targets...(check back 286 and 285 for detail)
bad news is, fkli-june is still in sideway market...
If u play with trending strategy, this is the worst case scenario to work with...however, advanced patterns could save the day...
as the saying goes " consolidation breeds advanced patterns" ...
so either we wait for more advanced patterns to come...or wait for breakout...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
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