Week 35: FCPOX 2020 remains at the Up Trend Channel
Updated
Week 35: 24 to 28 August 2020
FCPOX 2020 analysis
This week is a continuation of last week consolidation, the price remains inside the up trend channel.
As we are waiting for the price to break the channel, as at today, on the lower time frame we see that the potential to be bullish is higher than last week.
This week my personal call is rather risky as the ratio is less than 2R.
Entry Buy Limit at $2,645
Stop Loss at $2,562
Take Profit at $2,800
Risk Reward Ratio = 1.73R
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
This week is a continuation of last week consolidation, the price remains inside the up trend channel.
As we are waiting for the price to break the channel, as at today, on the lower time frame we see that the potential to be bullish is higher than last week.
This week my personal call is rather risky as the ratio is less than 2R.
Entry Buy Limit at $2,645
Stop Loss at $2,562
Take Profit at $2,800
Risk Reward Ratio = 1.73R
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.
Trade closed manually
We are in the profit zone and for the current price position, we should close it as there is no firm direction on where the market will go.Chill and live to trade another day.
-SatayFX
Disclaimer
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