Crude Palm Oil Futures
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FCPO 13 Oct 2021 : Re-entry Sell EMA14

Обновлено
Yesterday closing market setup.

Trading Plan :
1. Setup : EMA14<EMA50 = Sell trend
2. Signal: 15min Price retest EMA14
3. Confirmation: 5min Bearish Engulfing
4. Entry: at least 50% bearish engulfing body CS
5. SL: 10tick above retest CS
6. TP: 15min support area / if there any rejection

If today price open above EMA14 consider the market sideway with this possibilities :
1) Test EMA50
2) Test Resistance (R1):4900 and Support (S1):4849

Notice price is closer to the major uptrend line. Price may break the trendline or reject the trendline to continue bullish momentum.

Trade.At.Your.Own.Risk (TAYOR)
Заметка
False breakout entry :

its not ideal setup..but we can ride for a while..
снимок
Заметка
TP Hit as expected.. False breakout is a good setup
снимок
Заметка
Pennat pattern?
снимок
Заметка
Alhamdulillah.. Exit when you see reversal CS as usual..
снимок
fcpofcpomalaysiaTechnical IndicatorsTrend Analysis

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