hi, this is haidojo trading and trade 107)...as bearish engulfing candle has been formed in daily chart and 2 support levels have been broken down, we need to be cautious and consider a possible reversal has happened...Although according to my rules, we are still in uptrend, but thing has gone a bit ugly now...supports such as 2760 and 2700 have been broken...if u...
Week 31 (27 July - 30 July 2020) Code: FCPOX 2020 As at today, the price is still within the trend channel, ranging in the middle of the zone. There is no a confirmation to take any actions yet, personally I am quite bearish bias and we should wait for a price confirmation to sell. For an aggressive trader: If today/tomorrow price is closed below 2640, then we...
this is 105) trade frm haidojo trading...bear has loosened its grip and bull is celebrating its triumph this time...2760 resistance level has been broken and now turn into new support level...as you can see frm daily chart, new resistance level has been inched up higher to challenge 2830 and 2900...according to the past experience, once the price has past the ...
this is 101) trade frm haidojo trading...as you can see, the bullish sentiment still strong and likely to break higher to test resistance at 2760 soon... overhead resistance : 2690-2710 higher resistance : 2760... support : 2625-2630... lower support : 2560 PS : TRY TO MAKE DAILY UPDATES BUT SOMETIMES DUTY CALLS, HOPE YOU GUYS CAN UNDERSTAND...IF THR...
so it is still a boring sideway market...higher resistance : 2474... current resistance : 2430... critical support level : 2300... watch out for the important levels... gud luck and gud trading... **PS : normally, fcpo market is volatile or indecisive when it is near to the 10th every month...awaiting for report frm mpob...
Does that figure/pattern look familiar to you...? does it appear like some sort of alien shape to u or juz another common pattern known as "inverted head-and-shoulder" pattern...I found out that this pattern are quite popular amongst fcpo reversal patterns/signals...other than Double Bottom...normally you look for this at near bottom for a possible reversal...
Week 30 (20th to 24th July 2020) Futures code: FCPOX 2020 This is my first post analysing CPO Futures and I will try to make it a weekly post. Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum. If you are...
this is a continuation of the previous analyst...the formation of "head-and-shoulder" is still in making...nothg much to expect...onli 2 points : resistance : 2474-2480.... breakout frm this one to form New Structure High indicates movement to the upside... support : 2300 or the "Neckline"... going lower than this point indicates movement to the...
HI, this is haidojo trading in trade 97)...juz little update connecting the mid-day...as long as the support level at 2625 is not broken, uptrend persists...but what had happened early in the morning was something typical, yeah...it is called a false breakout...if you trade breakout, then this is somethg u shall pay attention to, if not, juz remember losing is...
Strong rally, as price continues to break higher, momentum has been weakening since July15. Thus, may see some sideways consolidation ahead, before market decides its next major move. At the moment, still early to set the boundaries for potential sideways move ahead, For now, potential range between 260x-270x, or wider, will update as price develops. :) Happy...
this is juz a brief update...trade 96) frm haidojo trading...a break abv 2690 has proven that bull is still intact...bullish sentiment remains... resistance : 2760 support : 2690-2700 lower support : 2625-2630 WARNING : this is juz a trading idea...trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue...
hi, this is trade 94) frm haidojo trading...ok, this is not the common head in "head-and-shoulder" pattern...but it is the "head" in a trend... at least temporary reversal of trend...but in order to confirm a reversal, it has to form some kinda gap down...or hovering in tight range for at least another day...another thing is, 2 things happened today...1) the...
this is a fcpo trading we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the...
after the retest of 2420 as earlier predicted, the price dropped back to 2300 and a small rebound occurred...now is the formation of "head-and-shoulder" pattern and a possible boring sideway market again...until some of the important levels are broken...either to the upside or downside...this is fcpo-sept... currect support : 2300 current resistance :...
today we saw a formation of a classic reversal pattern which is called "lone island" in both hourly and daily charts...this could mark the end of the recent uptrend and reverses to downtrend... current support : 2400 lower support : 2300 resistance : 2420