FCPO 9 Sept 2022 : Trading Plan for noon session
Larger TF :
1. Based on a bigger trend is a downtrend.
2. There is a chance price to form Trading Range for accumulation or redistribution.
3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook.
4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST.
5. If the price jump, the nearest TP is Fibo 78.6
1min TF :
1. Price cross EMA21 = SW
2. EMA21 flat = SW
3. MS buy still intact until its voids the structure.
4. Price still in TR
5. Notice price keeps pushing lower indicating strong seller in the market.
Decision :
1. Possible price will make UT/UTAD/fake breakout before continuing its journey.
2. Wait until it breaks on either side of the TR with the new market structure.
1. Based on a bigger trend is a downtrend.
2. There is a chance price to form Trading Range for accumulation or redistribution.
3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook.
4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST.
5. If the price jump, the nearest TP is Fibo 78.6
1min TF :
1. Price cross EMA21 = SW
2. EMA21 flat = SW
3. MS buy still intact until its voids the structure.
4. Price still in TR
5. Notice price keeps pushing lower indicating strong seller in the market.
Decision :
1. Possible price will make UT/UTAD/fake breakout before continuing its journey.
2. Wait until it breaks on either side of the TR with the new market structure.
Comment:
Comment:
