Fcpo!
May17: FCPO (Daily) - Bulls Likely Take a Breather...🐮📉CPO: Weekly & Daily Up-Channel top reached last week. 🚀✅
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.
In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.
❇️April11 Long Call hit R1, next will be R2...
❇️Midterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...
Happy Hunting! Stay Safe! ⭐️
-JK-
FCPO TRADING : 284) a breakout frm recent sidewaythis is haidojo and the number is 284 ...
after going tru sideway for almost two-weeks, finally we have a breakout to the upside for fcpo-july...
we have 2-days of holidays ahead next week for Raya festival and then the end of fcpo-july...
then comes fcpo-august on 17th May 2021...
so, the point is, long on retracement is something probably I will be doing in the market now...the bull is heading towards higher level at 4335...
thr is a possibility that price will retest the support level at 4120-4180 since we have a close-to-200pts ups today...
*plan your trade and trade your plan... gud luck*
resistance : 4335
support : 4120-4180
lower support : 4060-4090
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!
May03: FCPO (Hourly) - Sideways-Up, To Retest HH@419x...🐮🚀200ticks sideways range over the past week or two.
Daily & Hourly strong support: 382x-8x zone still holding, likely to see higher moves from here.
Watch R: 408x, 414x, then HH-419x
❇️ April11 Long Call still intact, haven't priced in the contract change.
❇️ On retest 419x HH, will again stand above Monthly strong R as below.
Happy Hunting! ⭐️🚀
-JK-
FCPO just completed it's corrective wave A=CFCPO just completed corrective wave ABC which A=C
What's direction on next? since first breakout just done !
Is all about elliott wave analysis
✅ naked chart analysis, ❌ indicator
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
FCPO TRADING : 281) a huge bearish gartley patternthis is haidojo and the number is 281 ...
PS : personally, I dun trade advanced patterns in fcpo bcox :
1) thr are too low frequency of the happening...it is a mere of 6-8 trades per year...(hourly timeframe)
2) the risk factors in these kind of trades a too big for my account...and I dun like the risk rewards...
so this advanced patterns in fcpo is just for an exhibition...I dun trade this one...beside, this is a late entry...haha...
*plan your trade and trade your plan... gud luck*
resistance : 4066-4090
support : 3875-3900
lower support : 3650-3700
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!
FCPO TRADING : 279) uptrend is facing a possible reversal this is haidojo and the number is 279 ...
after almost one month of absent, finally I come back with some discovery...it is possible a reversal signal for fcpo...! after retesting the high of 4060-4100 failed, fcpo-july has been facing some selling pressure today...at closing, it has dropped more than 100pts frm its peak at 4084!
and we can see a formation of bearish engulfing candle in daily chart... let's look at what will happen on Monday to decide...if the support 3875-3900 holds, it is possible to rebound...or else it will fall lower to the next level at 3650-3700...
*plan your trade and trade your plan... gud luck*
resistance : 4066-4090
support : 3875-3900
lower support : 3650-3700
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!
April11: FCPO (Weekly) - Bullish, R@4.4k, 4.6k, 4.8-5k 📈🐮🚀
🔅Fed continue with USD printing, US 10yr bond yield consistently rising touching 1.7-1.8%, US Stocks pumped by stimulus money...
🔅Across-the-board commodity spike especially food & grains...
🔅USD Index continue rising despite excessive printing, suppressing EM markets currencies (including our MYR)...
🌐These are all MACRO reasons why CPO will see higher prices going forward.
⚠️ Risk: CPO entering high-production cycle; fluctuating global export demands due to restricted economic activities; COVID recovery progress.
Maintain mid-term bullish view as per last posted ideas below.
❇️ Follow my TG channel for latest market updates. :)
Mar10 ATH call:
Q1 Bullish Call:
CPO Monthly Bullish Cycle: