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FXCruZaDer82
Sep 20, 2020 5:01 PM

FCPO - Entering Supply Zone Again Short

Crude Palm Oil FuturesMYX

Description

FCPO now is entering the supply zone once again after climbed more 1000 points after rebounded on May 2020. This zone has been visited 3 times in late 2016, beginning of 2020 and here in present.

A V-Shape accompanied with a bearish harmonic deep crab may witness the upward trend could be stalling. Price action plays the crucial role to determine the price will be rejecting in the supply area.

A short opportunity if price reject in the potential reversal zone (Light Blue Box), may give a potential 1st target to visit 2596 area with a stop of 3233

Eagerly awaiting for this potential event.




Comments
BakiShirzadi
Great job, good luck
FXCruZaDer82
@BakiShirzadi, thank you.
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