Crude Palm Oil FuturesКороткая
FCPO TRADING : 177) short on rebound...?
this is haidojo and the number is 177...
as the market price rebound on Friday, we might see the price retest the higher-resistance level at 2900,
or slowly glides down frm the current price...
IF the market retest the 2900-resistance,THEN possible formation of head-and-shoulder pattern...so wait for break to the downside of the neckline at 2800...(we actually already had it...last Thursday)
IF the market glides down slowly frm current price, THEN we can short on rebound...fcpo-dec probably finds some support at the pyschological level at 2700- b4 hitting lower ground at 2600...
IF the market shoot up all the way, or slowly glide up...THEN it has to break abv the previous high-3100, to confirm the new uptrend...or at least abv 2980...
higher resistance : 2900
immediate resistance : 2800
psychological level : 2700
lower support : 2600
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**
as the market price rebound on Friday, we might see the price retest the higher-resistance level at 2900,
or slowly glides down frm the current price...
IF the market retest the 2900-resistance,THEN possible formation of head-and-shoulder pattern...so wait for break to the downside of the neckline at 2800...(we actually already had it...last Thursday)
IF the market glides down slowly frm current price, THEN we can short on rebound...fcpo-dec probably finds some support at the pyschological level at 2700- b4 hitting lower ground at 2600...
IF the market shoot up all the way, or slowly glide up...THEN it has to break abv the previous high-3100, to confirm the new uptrend...or at least abv 2980...
higher resistance : 2900
immediate resistance : 2800
psychological level : 2700
lower support : 2600
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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