Week 41: FCPOX 2020 - Waiting for a BreakOut confirmationWeek 41: 05 to 09 October 2020
FCPOX 2020 analysis
The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area.
I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation.
Here is my personal trade:
Sell Stop at RM2,741
Stop Loss at RM2,800
Take Profit at RM2,613
Risk Rewards Ratio = 2.15R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
