Week 45: FCPOX 2020 - Gap Filled, Time To Short
Week 45: 02 to 06 November 2020
FCPOX 2020 analysis
The price had been rejected two days in a row and not able to go beyond RM3,300.
Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher.
This is a good opportunity to Short the market with a lucrative RRR.
Here is my personal trade:
Sell Now at market or at RM3,253
Stop Loss at RM3,300
Take Profit at RM3,062
Risk Rewards Ratio = 4.11R
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 had been rejected two days in a row and not able to go beyond RM3,300.
Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher.
This is a good opportunity to Short the market with a lucrative RRR.
Here is my personal trade:
Sell Now at market or at RM3,253
Stop Loss at RM3,300
Take Profit at RM3,062
Risk Rewards Ratio = 4.11R
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.
Trade closed: stop reached:
Hit SL.