Week 41: FCPOX 2020 - Waiting for a BreakOut confirmation
Week 41: 05 to 09 October 2020
FCPOX 2020 analysis
The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area.
I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation.
Here is my personal trade:
Sell Stop at RM2,741
Stop Loss at RM2,800
Take Profit at RM2,613
Risk Rewards Ratio = 2.15R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
FCPOX 2020 analysis
The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area.
I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation.
Here is my personal trade:
Sell Stop at RM2,741
Stop Loss at RM2,800
Take Profit at RM2,613
Risk Rewards Ratio = 2.15R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Order cancelled:
Price did not hit our Sell Stop. Delete the pending order.