The palm oil market on Bursa Malaysia has been range-bound, fluctuating between 4,400 and 3,250 ringgits since July 22nd. Currently trading near the lower end at 3,393 ringgits, there are indications of bullish divergence, suggesting a potential upward move. The breakout from the triangle at 3,900 ringgits led to a decline towards the bottom range of 3,250-3,200...
Bias Sell. Sell stop because:- H4 - Bearish Pin Bar. Daily & H4 EMAs are alligned. Risk 14%.
Main Trend: Bearish Short Term Trend : Bearish Trading Plan: • Short – o If price unable to break above 3407. TP1= 3387 TP2=3366 SL=3420 o If price gap up but fail to break above 3433. TP1=3407 TP=3387 SL=3451 • Long – o If price break above 3407. TP1=3433 TP2=3450 SL=3387 o If price gap up above 3433. TP1=3450 TP2=3475 SL=3420 Disclaimer: This is just my IDEA...
FCPO 17May 7:20 am - Bias Sell H4 - 3mas are aligned H1 - 3mas are aligned Waiting for Trigger Candle at H1 i.e Bearish Pin Bar @ Bearish Engulf
This is my basic analysis on FCPO pair... On future the demand will be high that make this pair has a higher price (my predict price around 42xx) and maybe will create new ATH on 2024/2025
Price will try to find Cyper at the range of 3933 - 4045
FCPO price just recently break the uptrend line. The price will probably going lower.
fcpo support for a daily timeframe by order block. I expect that the price can't consider a downtrend as long the support didn't t break.
Price is now in SW mode at the bullish OB. There are 2 gaps to be closed before Snorm (ranging 3868 - 3776).
Price in teh mode of Sw & at the bottom of lower BB. Trying to find Se Pony at the rang of 3893 - 4092... Wallahu 'alam...
Buy Signal at H1. 1:1.5 RRR TP at Higest Expect demend for palm oil increse.
Cased on STI Strategy. Short & Stop Loss by Chandelier Indicator
Because:- 1. Rejection at Support (3H) 2. Engulfing at 3 H 3. Divergence 3H
No reversal indication. No divergence from Soya. Trend to continue downtrend because of 2 Marubozu Candles. Sell Stop Order
Looks like FCPO is at the 4 hour timeframe support level. If viewed in terms of fibonacci retracement, it is likely that the price will go down.
Short FCPO because:- a. Divergence - soya b. Trigger by Shooting Star.
Main Trend: Sideways Short Term Trend : Bullish Trading Plan: • Short – o If price break below 3870, TP1:3830 TP2:3795 SL:3900 o If price gap up but unable to break 3978, TP1:3930 TP2:3900 SL:3995 • Long – o If price supported at 3870 TP1:3930 TP2:3955 SL:3850 o If price gap down but supported above 3765 TP1:3800 TP2:3827 SL:3730 Disclaimer: This is just...
Divergence detected at H1 at Soya. End of H1 downtrend. Beginning of H1 uptrend. Trigger by Bullish Engulf