Crude Palm Oil FuturesДлинная
FCPO TRADING : 261) new structure high-advanced patterns invalid
this is haidojo and the number is 261 ...
instead of staying in the tight range and bouncing up and down, fcpo-apr has made a significant level by creating a new structure high,
thus it is sideway market no more, now uptrend has come back...the bull is back!
so the advanced patterns are no longer valid, and now the expectation is on whether the price shoots up all the way too the next resistance level at 3700, or it moves back a little and retest the resistance-turn-support level ranging frm 3460-3500...btw, fcpo-apr is expiring in this week...
so, there might be some wild cards in the play...beware!
this is probably the last update before the Chinese New Year holiday, Gud Luck and Gud Trading!
*plan your trade and trade your plan... gud luck*
higher resistance : 3700
immediate resistance : 3460-3500
support : 3460 -3500
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!
instead of staying in the tight range and bouncing up and down, fcpo-apr has made a significant level by creating a new structure high,
thus it is sideway market no more, now uptrend has come back...the bull is back!
so the advanced patterns are no longer valid, and now the expectation is on whether the price shoots up all the way too the next resistance level at 3700, or it moves back a little and retest the resistance-turn-support level ranging frm 3460-3500...btw, fcpo-apr is expiring in this week...
so, there might be some wild cards in the play...beware!
this is probably the last update before the Chinese New Year holiday, Gud Luck and Gud Trading!
*plan your trade and trade your plan... gud luck*
higher resistance : 3700
immediate resistance : 3460-3500
support : 3460 -3500
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!
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