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Perisai Broke out from Symmetrical Triangle

Written By Unknown on Sunday, 18 November 2012 | 12:27:00 pm

Perisai has broke below the symmetrical triangle and touch the 1.02 and then bounce back up with a gap up to break the upper  symmetrical triangle



Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low and higher high (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 50% (Bullish)  .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and  broke above 50%(Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Gap Up ( 
Bearish ).
8) Pattern - Symmetrical Triangle with declining volume. What is that.. Click here for info..




Conclusion:
Bullish -
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.11
RRR (Risk to Reward Ratio) = 0.75 (RISKY)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.13
RRR (Risk to Reward Ratio) = 1.25 (Average)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.18
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)

E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.21 (Breakout Symmetrical Triangle)
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)


Resistance 1.15 / 1.16/ 1.2 / 1.23 / 1.25
Support   1.11 / 1.06 / 1.02 / 0.995 / 0.97 / 0.93

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