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Fcpodaily

How to trade FCPO intraday?Setup for Intraday : 1. Price near/ cross EMA200 2. Understand market structure either uptrend/downtrend/consolidation to be able to determine the SnR for the breakout. 3. Market trending confirmation by EMA14, EMA50, and EMA200. 4. Wait for a pullback when stochastic oversold/bought. 5. Make sure price reverse at least 3 candlesticks. 6. Entry when price pullback again : a) At previous support b) At EMA c) Stochastic oversold/bought again. 7. Exit a) Stoploss at the beginning price before breakout b) Target profit using Fibo Extension 1.618.
MYX:FCPO1!Education
by ArifHasbollah
2
FCPO Crude Palm OilBullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip, if the bearish candle goes down easily closing below its support area + with little effort in the volume, then you know that bearish is stronger than the bullish. Again, nothing is clear now, Price is tight right now between various numbers of EMA. Waiting for the "kettle" to reach its final temperature before bursting out to the upside or downside. If it goes up, we can see it will go up to 4300 area or even better, closing the gap. If it goes down, I believe that it will still not going too far, probably will retest again at 4080 area, but hey, money is money. Good Luck.
MYX:FCPOV2021
by AMianz
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-
MYX:FCPO1!
by jeanne_k
Feb18: FCPO (1D) - Sideways-Up btw 3.5-3.8k before breakout 📈🐮Sideways-Up bias before the eventual Longterm upside breakout to 4k & beyond, commodities are seeing across-the-board rise on hyper-inflationary risk, thanks to massive money printing. CPO price bounced off major S @ ~3200, subsequently reach R1-R3 upside mentioned in previous post. Expect further consolidation near wide range top (3500-3800) region, potential retest UTL, before the expected major breakout to 4k & beyond. 🔔Overhead Resistance: 3.6-3.7k, 3.8k 🔔Support Zone: 3.5k, 3.4k ❇️ All R reached on bounce off range low (check out post link below) ❇️❇️ Major Breakout in progress on Longterm chart, link below Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!
by jeanne_k
Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k 🐮CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀 Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag. 🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k ❇️Prev idea still largely intact, only now with added bullishness from potential flag formation. ❇️❇️Longterm Outlook: R1 standing, Heading to R2 In long position for cpo, likely to be my closing trade for yr2020 local futures~ 😎⭐️ Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
2