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Crude Palm Oil Futures
Short

short

By W228
Updated
short
Trade closed: target reached
Min target reach although it is still 1point away target. This is because we need to consider some allowance factor, price will not move in perfect manner.
Trade active
Anyway, I will continue to hold short position by partially TP because I still did not see any bullish warning yet.
Note
Reason for short.
1. Most breakout break.
2. From hour chart and 15min chart, by analyzing MACD, price did not show good upward momentum.
3. From hour chart, previous long candle showing some sign of exhaustive move.
Note
Correction for 1)
Most breakout fail.
Trend Analysis
W228

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