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Fcpotrader

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.
MYX:FCPO1!Education
by ArifHasbollah
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
FCPO, LOWER FOR WAVE 3FCPO AUG 2021 CONTRACT KEY LEVEL = 3831, 3852, 4064 CRITICAL LEVEL = 4260 10.06.2021 Trading below 3852 and 3831 would signal us that wave 3 is in play. Next reasonable target area for wave 3 will be between 127.8% and 161.8% Fibo ratio, 3472-3259 area. As for today, we will monitor 4064 key level, trading above this level will cancel this wave 3 in 3 setup and price movement above our critical level of 4260 will cancel this setup. I AM A GOOD TRADER - You only need one affirmation and this is it. Read these words every day until you don't have to read them anymore. =)
MYX:FCPOQ2021Short
by pengiran-