Week 34: FCPOX 2020 is in the middle of the range.
Week 34: 17 to 21 August 2020
FCPOX 2020 analysis
If you are following last week analysis, we were bullish for FCPOX 2020.
However, this week the price is exactly in the middle range which is risky for us to trade.
The current range is around RM 200 with an immediate resistance at 2725.
This week no trade call, as the Risk Reward Ratio is only 1R, practically it is a gamble trade.
However, should 2725 resistance broke; we are aiming for 2800 to be hit; else it will move sideways.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
FCPOX 2020 analysis
If you are following last week analysis, we were bullish for FCPOX 2020.
However, this week the price is exactly in the middle range which is risky for us to trade.
The current range is around RM 200 with an immediate resistance at 2725.
This week no trade call, as the Risk Reward Ratio is only 1R, practically it is a gamble trade.
However, should 2725 resistance broke; we are aiming for 2800 to be hit; else it will move sideways.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.