ICX formed falling wedge pattern- 18% Short-term target

27 ม.ค. 2018

My last trade on ICX has failed and hit my stop-loss. However, ICX now is not bad at all. It formed a bullish falling wedge pattern and about to break-out soon.

However, I am not recommend you to buy right now. Just follow my plan below to reduce your risk.
1/ Wait for the break-out then place buy order at the previous resistance line (upper red line). Make sure to wait for the confirmation candle. It maybe the fake break-out so be careful.
2/ If the break-out fail. Buy when it fall to 6500 zone ( you can set buy order a little bit higher) .

1st TP is at 7748 sat (0.382 fib level)- which is also a strong resistance.
2nd TP is at previous ATH 8494 (0.618 fib)

Stop-loss at 5500 (always place stop-loss at every trade)

28 ม.ค. 2018

บันทึก

ICX break-out and rebounce at the previous resistance. Hope you guys followed my plan and make some nice gain. Dont sell too soon, our 1st target is 7748. Cheer

29 ม.ค. 2018

บันทึก

Reached target 1 and on the way to target 2

29 ม.ค. 2018

บันทึก

Reached target 2- 20% profit so far
It will move sideway or have a little correction before moving up.

30 ม.ค. 2018

บันทึก

Reached ATH, I recommend you to cash out your initial investment and hold the profit.

31 ม.ค. 2018

บันทึก

Touched 0.786 fib then it go down for a correction. Also break if short-term bullish trend line. I wouldn’t recommend you to buy/sell now, still need more data to give a conclusion.