FCPO 18 August 202115min chart price break previous day low indicates a downtrend.
New day price is open inside the range.
FCPO1!
FCPO Identify Fake Breakout and How to Trade it?When the price is near the SnR it is where get it will get tricky...either the price want to continue the trend or reverse?
The false breakout strategy :
1. Timeframe 15min
2. Identify strong valid SnR
3. Draw the zone by pick the wick and the neck.
4. If price breakout and 2nd CS close inside the zone, it is a false breakout and entry position after 2nd CS close.
5. TP for the false breakout can be the opposite SnR.
Valid breakout strategy: Trend continuation
1. Use 15min and 1min chart for confirmation.
FCPO 17 August 2021Yesterday's price was still in the range. Testing support multiple times.
1.Today price open break yesterday resistance.
2.All EMA uptrend
3.Stoch oversold
However, the Stop loss is too large to take.
Wait for another setup with a good risk and reward ratio.
Recap FCPO 13 August 20211. The major trend market structure is an uptrend.
2. Early morning session continues from previous day give us short term trade for downtrend move.
3. Once the downtrend market structure is broken, prepare to find the long entry opportunity
4. There is 2 type of entry. Risky and safe entry.
5. Risky entry when EMA14 + EMA50 still below EMA200 while price successfully break EMA200
6. Safe entry when all EMA align for uptrend movement.
FCPO Yearly Outlook - Sideways-Up Situation for 2019Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
FCPO 2019 Outlook - Sideways-Up Situation for 2019Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
