Week 40: ZSX 2020 Bullish resumption
Updated
Weekly analysis for ZSX2020
Week 40: 28 September to 02 October 2020
After a long rally, market needs to take a breathe before continuing the journey to the North.
Your question would be, this time how high the price will be?
As a trader, we do not speculate, but we react based on the price movement.
Let's put it simply, if there is no Higher High (HH), then we anticipate the price will go lower next week.
If there is a HH, then the trend will continue.
This week, we wait until the price reach to our last week Take Profit point, that's where we will LONG ZSX2020.
My personal trade call:
Buy Limit: $991
Stop Loss: $980
Take Profit: $1,020
Risk Rewards Ratio: 2.51R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 40: 28 September to 02 October 2020
After a long rally, market needs to take a breathe before continuing the journey to the North.
Your question would be, this time how high the price will be?
As a trader, we do not speculate, but we react based on the price movement.
Let's put it simply, if there is no Higher High (HH), then we anticipate the price will go lower next week.
If there is a HH, then the trend will continue.
This week, we wait until the price reach to our last week Take Profit point, that's where we will LONG ZSX2020.
My personal trade call:
Buy Limit: $991
Stop Loss: $980
Take Profit: $1,020
Risk Rewards Ratio: 2.51R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Trade closed: target reached
Oh yeah, Take Profit level hit!Stay tuned for next week analysis.
- SatayFX
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