this is haidojo and the number is 196 ...
today we have a huge gap up...and almost touching the expected 3030...missed it by a mere 4pts...
the strategy is still the same...long on retracement...until an initial structure low is formed...
strong resistance : 3030-3100 (abv this level is fastlane; crazy bull)
support : 2900
lower support : 2820-2800...
Did a video update, following up on previous CPO idea posted, check it out on my other social media accounts.
Meanwhile, we have turned Bullish since S@2700 holding last week.
Immediate R: 287x-9x taken, now turned support.
As long as price stays above both UTLs, we are likely to retest prev HH near R2: 304x-8x area.
Meanwhile, if we continue to stay above the...
this is haidojo and the number is 195...
last Friday we had seen fcpo-dec formed yet another new structure high...
therefore, we are anticipating the market to move higher until initial structure low is formed...
either the price moves higher to challenge 3030-3100...or consolidates to build stronger base at 2900 before going higher...
it could also go sideway...
this is trade 193 frm haidojo trading...
not much update abt fkli-oct as the market is in uncertainty...
as the saying goes, " If curiosity can kill a cat, then uncertainty can kill the market"...
we can make money in both uptrend or downtrend market, but uncertain market is the hardest to ride on...
it is still bullish in daily chart, threfore, I presume the...
this is haidojo and the number is 192...
fcpo-dec still stuck at the current resistance 2890-2900...if the price breaks abv this, it will retest 3033-3100 ...
a level which were tested in Dec2016-Jan2017, Jan this year and also last month, mid-Sept...
level abv 3100 has not yet been reached ever since 2012...8 long years! so let's see what might happen...
this is haidojo and the number is 191...
fcpo-dec not only stay abv 2830 but also shoot up to the next level at 2890-2900...
a higher-high is formed...so confirmation shift-of-trend...if it stays abv the 2900, then we might have a full throttle...
bull in charge then...
for now, either sideway or uptrend...higher level is 3033-3100...
higher resistance :...
this is haidojo and the number is 190...
fcpo-dec might have shown some reversal signs...a huge gap up and up today...
but the price needs to stay abv 2830 to confirm a reversal...and 2890 to go in the full throttle...
if it is rejected at 2800, then it will find support again at the 2700 and lower support 2600...
higher resistance : 2900
immediate...
this is trade 189 frm haidojo trading...
as the prediction goes, the price didn't stop exactly at the resistance 1515, but it bounced a bit higher and made a turnaround
near 1525...now since the price has broken below the resistance-1515, then I suppose it will drop to the next level of support at 1477,
and possibly the lower support level at...
Weekend Market Updates & Analysis 4 Oct 2020
What Happened
1) FCPO opened higher Monday and then traded lower by Friday, closing near the low of the week.
Recap from last Weekend’s update.
You can read last week’s update here: Weekend Updates – 27 Sept 2020 | CPO, Soybean, Soybean Oil & Currencies
2) On Point: 58, 59, 60: In my last update, I have said that...
this is trade 188 frm haidojo trading...
as I have anticipated earlier, fkli-oct has broken abv the tight range level and now retesting 1515 resistance...
if price is rejected at 1515, then short...if it goes higher then long and target at 1540...
higher-resistance : 1557-1570 ( bearish bat and gartley patterns)
resistance : 1540
immediate resistance :...
this is haidojo and the number is 187...
analysis maintains "short on rebound"...
that is nothing much to comment except that the market fcpo-dec is sliding down slowly...
onli today we look at it at lower timeframe...
next support at 2600...resistance at 2800...
higher resistance : 2900
immediate resistance : 2800
psychological support : 2700
lower...
this is haidojo and the number is 186...
analysis maintains "short on rebound"...
that is nothing much to comment except that the market fcpo-dec is sliding down slowly...
a gap down go down scenario...
next support at 2600...resistance at 2800...
higher resistance : 2900
immediate resistance : 2800
psychological support : 2700
lower support : 2600
...
this is trade 185 frm haidojo trading...
in the event of some upcoming news, the market is now anticipating within a tight range,
frm 1488- 1500, so after the release of the expected news, then only we shall see the movement in the market...
breaking to the upside will retest 1515 resistance while breaking to the downside we shall see 1477 support...
...
this is trade 184 frm haidojo trading...
"these two are my possible next "fish"...
1) bearish gartley pattern
2) bearish bat pattern
both of them are consist of a "short range" hanging frm 1557-1570...SL could be a few points abv it...1st tp at 1541, 2nd tp at 1520..."
QUOTE FRM MY EARLIER ANALYSIS...
i haven't updated much since trade 179...the reason is...
this is haidojo and the number is 183...
analysis maintains "short on rebound"...
that is nothing much to comment except that the market fcpo-dec is sliding down slowly...
lower-high is formed...unless the price challenges 2900 and maintains abv it, then we might be looking at a possible reversal...
higher resistance : 2900
immediate resistance : 2800
...
We're dealing with a MAJOR SIDEWAYS situation here, seeing the steep Up & Down swings & abrupt reversals between 2.6,2.8k --- 3.0,3.1k.
2.6-2.8k is KEY SUPPORT area on Weekly, price likely to consolidate within this zone, before deciding its next major direction.
Long-term view, currently favoring UP, as long as S2 holds.
Happy Hunting! 🥂🚀
-jk-
this is haidojo and the number is 182...
so the price has fallen below the A-leg of bearish bat pattern...it becomes invalid...
so short on rebound...
higher resistance : 2900
immediate resistance : 2800
psychological level : 2700
lower support : 2600
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might...
this is haidojo and the number is 181...
"bearish bat pattern - short at 2947, SL 2983, 1st tp 2900, 2nd tp 2800..."
things don't seem good on our bearish bat pattern...price continues to slide lower...so the strategy is : "short on rebound"...
higher resistance : 2900
immediate resistance : 2800
psychological level : 2700
lower support : 2600
...
