HAIDOJO_trading

FCPO TRADING : 247) a possible reversal

MYX:FCPO1!   CRUDE PALM OIL-RINGGIT FUTURES
this is haidojo and the number is 247 ...

after consolidating for a few days, fcpo-march today evidently has a huge drop...
if you trade using other method, pliz use back ur own methodology but the way I do it is...as long as the support 3670 holds,
it is still uptrend///
however, if this level of support is broken, then a reversal is said to happen...
observe closely 3670 support level and the 3800 resistance level ...
if the 3800-resistance is reversed, then uptrend resumes...

*plan your trade and trade your plan... gud luck*

highest resistance : 4334 - 4486 (high in 2008)

higher resistance : 3890 - 3967 (high in 2011)

current resistance : 3775-3800

support : 3670 critical

WARNING!
RISK DISCLAIMER
: this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!

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