FXCruZaDer82

FCPO - Bullish Alt Bat

Long
MYX:FCPO1!   CRUDE PALM OIL-RINGGIT FUTURES
FCPO completed a bullish Alt Bat pattern in M30 TF. A potential trade in this retracement structure. The oscillator shows rebound from the oversold level as well, I would expect the price to test the stop level.

If the price respect the stop level and heading back into the potential reversal zone (Blue Box), a long for this trade.

Stop: 2299
PRZ : 2319 - 2350
TP1 : 2375
TP2 : 2413

A violation of the stop level whereby the price plunge below it and does not climb back into the PRZ, this trade is void.

Trade closed: target reached

Comments

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