this is 123 frm haidojo trading...FCPO-OCT is showing a sign of sideway market...with new support level formed at 2720...
we need to wait for breakout abv 2810 or the immediate support at 2720 to have a confirmation...
resistance : 2790-2806
current support : 2720
support : 2670 -2630
lower support : 2560 (now the critical indicator for bull/bear)
...
this is 122 frm haidojo trading...fcpo-oct has a double top formation in daily chart...trend is not able to identify yet...bull stops when the critical support at 2560 is broken...now possible sideway or slowly sliding upside...
resistance : 2790-2806
current support : 2670 - 2630
lower support : 2560 (now the critical indicator for bull/bear)
WARNING!...
this is 119 frm haidojo trading...fcpo price has broken the previous high of 2790 and created a new structure high tdy...
BUT...doesn't look right in daily chart...so need further confirmation...now it is either sideway or sliding to the upside slowly...
higher resistance : 2860-2900
resistance : 2760-2790
current support : 2670 - 2630
lower support :...
SHORT WHEN REBOUND UNTIL 2790 HIGH IS BROKEN...
higher resistance : 2860-2900
resistance : 2760-2790
current support : 2670 - 2630
lower support : 2560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading...
Week 32: 03 to 07 August 2020
FCPOX 2020 analysis
This morning the market open with a gap up and stopped at 2724 (at the same level as previous high).
For here on, we better wait for a better signal, because:
(1) if the 2725 level is being respected, it means the market will form a double tops.
(2) if the 2725 level is broken with a clean break (bullish...
Decided to check on the long-term big picture, following CPO recent strong up-move towards 2800 area (again!).
---- marked: grey zone
2600-2800 zone is kinda midpoint to the decade-long correctional pattern following '08'09 subprime crash.
A fib plot of the sharp plunge, shows each levels coincides well with CPO major support & resistance zone.
As of...
The week started weak, despite a high close on Friday.
Past week's momentum weakness effect kick in, immediate UTL (blue) violated, potential retest ~2500 mark shall price stay below R1 ~270x.
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
SHORT WHEN REBOUND UNTIL 2770 HIGH IS BROKEN...
resistance : 2670
higher resistance : 2700
previous high ; 2770
lower support : 2560
current support : 2625 - 2630
Comment: WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE"...
this is the 109 trade frm haidojo trading...another important support - 2625 is broken! according to my thumb-of-rules, this is a confirmation shift of trend...it has as high as 70% accuracy...so wat say u...? uptrend persists? confirmation shift-of-trend...? welcome to leave ur message in the comment column below...
My strategy has changed frm long when retrace...
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...
