FCPO price has been fallen 862 points from peak of 3150 to 2288 (10/01/2020 - 28/02/2020).
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
PRZ = 2288
HOP = 2176
TP1 = 2617
TP2 = 2821
Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again.
PRZ = 2288
HOP = 2176
TP1 = 2617
TP2 = 2821
Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
Comment:
A Bearish Bat formed in 30M TF
Comment:
RSI is coming out of oversold zone in hourly chart. May consider a long position if the price closed above PRZ @ 2288.