FCPO TRADING : 318) possible reversal but needs confirmation
this is haidojo and the number is 318 ...
After a mild rebound frm 5440-5520 range, fcpo-apr didn't make any New Structure High (NSH) but forming a Double Top (DT). The NSH is 5749 and any breakout pattern/trade needs to move higher than this level. The next level is 5220-5380 was also hit and rebound into 5570-5630 level. Now, fcpo-apr is at the crossroad again...
IF it moves higher, THEN it will breaks the previous NSH and creates more NSH...THEN uptrend resumes.
IF it moves lower, THEN it forms Lower-High (LH), and a possible reversal happens until the price breaks lower than the previous Higher-Low(HL).
So, now juz sit back and relax. Wait for the price to tell us what to do. Till then, do absolutely nothing.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5700-5749 (current NSH)
immediate support : 5440-5520
lower support : 5220 - 5360
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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!
After a mild rebound frm 5440-5520 range, fcpo-apr didn't make any New Structure High (NSH) but forming a Double Top (DT). The NSH is 5749 and any breakout pattern/trade needs to move higher than this level. The next level is 5220-5380 was also hit and rebound into 5570-5630 level. Now, fcpo-apr is at the crossroad again...
IF it moves higher, THEN it will breaks the previous NSH and creates more NSH...THEN uptrend resumes.
IF it moves lower, THEN it forms Lower-High (LH), and a possible reversal happens until the price breaks lower than the previous Higher-Low(HL).
So, now juz sit back and relax. Wait for the price to tell us what to do. Till then, do absolutely nothing.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5700-5749 (current NSH)
immediate support : 5440-5520
lower support : 5220 - 5360
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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!
