Crude Palm Oil FuturesКороткая
FCPO TRADING : 171) possible reversal signal
this is haidojo and the number is 171...
today the fcpo-dec has a dramatic reversal drop and it has dropped more than 70pts...!
in daily chart, we can see that a bearish engulfing candlesticks pattern has formed...
price dropped after hitting the resistance level ranging 3100-3130...
so a strong signal that a reversal might has happened...wait for a rebound and IF a lower-high is formed, go for short ...
IF not, wait and see first...
higher resistance : 3100-3130
immediate resistance : 3030
support : 2900
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 in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
today the fcpo-dec has a dramatic reversal drop and it has dropped more than 70pts...!
in daily chart, we can see that a bearish engulfing candlesticks pattern has formed...
price dropped after hitting the resistance level ranging 3100-3130...
so a strong signal that a reversal might has happened...wait for a rebound and IF a lower-high is formed, go for short ...
IF not, wait and see first...
higher resistance : 3100-3130
immediate resistance : 3030
support : 2900
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 in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
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