FCPO 14 Feb 2023 : Price breach downtrend channel?
1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel.
2. SnR: Price plays in the support zone area and is still not decided yet on the direction.
3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level.
4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
2. SnR: Price plays in the support zone area and is still not decided yet on the direction.
3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level.
4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
Trade active:
1min Re-entry BUY chance
Comment:
1min
Entry buy confirmation
Entry buy confirmation
Comment:
1min
Re-entry opportunities when MACD change to red
Re-entry opportunities when MACD change to red
Comment:
Possible uptrend channel
Comment:
5min possible TP top channel
Comment:
Test EMA50 5min.
See if there is any confirmation entry
See if there is any confirmation entry
Comment:
Confirmation entry
1. EMA12 above EMA50 = Uptrend
2. Price able to break the nearest resistance = Uptrend