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!
Fcpo
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:
FCPO TRADING : 278) uptrend is confirmedthis is haidojo and the number is 278 ...
so after some waiting, no advanced patterns, and sideway has retreated...now uptrend is back...
bull has gained its strength and long on retracement is the best offer frm market now...careful with full-force dropping!
enter only when the market starts to slow down...don't catch "a falling knife" ! that's all...
*plan your trade and trade your plan... gud luck*
resistance : 3875
support : 3500-3600
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 - Support and Resistance on 24/03/2021 (Wednesday)This is a Support and Resistance for the trading on 24/03/2021 (Wednesday) only...!!!
It is valid on the said trading date.
Red 1: 4052
Red 2: 4034
Blue 1: 3990
Blue 2: 3940
Green 1: 3898
Green 2: 3879
Enjoy and feel it.
Hopefully, it's useful.
This is only for study and educational purposes only.