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Fcpo

FCPO 10 Feb 2023 : Bearish divergence in progress?1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In Early morning, monitor the nearest possible SnR 2. Monitor EMA12 1min TF for entry
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO 9 Feb 2023 : Bearish Divergence?30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2. EMA12 crosses below EMA50 : Downtrend. Expect price sideway before continue direction.
MYX:FCPOJ2023Short
by ArifHasbollah
2 Nov 2022 FCPO Global data/news • Gold prices pared some gains on Tuesday as the dollar and bond yields rebounded after strong U.S. jobs data raised worries that the Federal Reserve would stick to its aggressive stance on interest rates for some time. • Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil - including road blocks - after the presidential election. Remarks • Previous 1H resistance zone will became immediate support zone. • Potential Bearish Butterfly harmonic pattern in 1H. • 1H (20SMA crossing above 50SMA). • 1H divergence with RSI Short Term Trend : Sideways Trading Plan: • Short – o Price breakdown 1H resistance zone. TP1:4190 TP2:4079 SL:4300 • Long – o Price supported and maintain above 1H support zone. TP1:4160 TP2: 4340 SL:4140 o Price maintain above 1H resistance zone. TP1:4340 TP2:4450 SL:4250 Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
MYX:FCPO1!
by POKSAWSAW
1st November 2022 Trading PlanGlobal data/news (Reuters and Trading Economics) • Chicago wheat futures jumped 6% and corn rose more than 2% on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. (Reuters) • India sharply raised the base import prices of crude and refined palm oil and crude soya oil, the government said in a statement on Monday, as prices jumped in the world market. • Exports of Malaysian palm oil products for October 1-25 dropped from the same period in September. • A combination of pressure from the expected rate hikes, the relative strength of the dollar and rising yields continue to pressure gold prices. Remarks • FCPO consolidating near daily 100EMA. Major line to break. • FCPO rebound from 1H 100 EMA twice, both return to the 1H consolidation zone. • Triangle pattern in 1H chart. Short Term Trend : sideways Trading Plan: • Short – o Price breakdown and maintain below 1H support zone. TP1:4010, TP2:3980 SL:4080 o Price fail to break 1H resistance zone, TP1:4080, TP2: 4010 SL:4180 • Long – o Price supported and maintain above 1H support zone. TP1:4155 TP2: 4255 SL:4045 o Price breakup and maintain above 1H resistance zone, TP: 4255 SL:4155 Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
MYX:FCPO1!
by POKSAWSAW