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CPO1! trade ideas

FCPO 10 Sept 2021 : Break supportFCPO is dynamic.. 1. Yesterday's price have a strong bearish movement in the morning session followed by rejection in 15min TF and formed a tweezer bottom at 5min TF. 2. Bullish does not have momentum after 15min TF has a bearish engulfing pattern. 3. Price rejected EMA14 multiple times with a bearish engulfing pattern indicate strong sellers. 4. Today morning price has another significant bearish engulfing and rejected again EMA14. 5. Price break support zone shows strong seller. The entry : 1. Confirmation price breakout support @ 15min TF. 2. 15min price pullback with rejection CS 3. 5min have a bearish engulfing pattern. 4. Set sell limit order at the open rejection CS of 15min TF. 5. SL set using 1xATR for 5min TF from the last high of rejection CS.
MYX:FCPO1!
by ArifHasbollah
FCPO TRADING : 300) head and shoulder patternthis is haidojo and the number is 300 ... today is 2nd Sept 2021 and fcpo-nov21 is still the active third month. so u will see a huge head-and-shoulder pattern in hourly and daily charts. IF the neckline/blackline is broken, THEN we have a confirmation of reversal and we can start turning to short on rebound as our strategy. the support level to take caution is between 4180 - 4090...almost a 100-pts range. next level of support to look at is 3880. however, IF this level holds and the neckline is not broken, THEN it will most probably search back retest at 4300-4335. My biased opinion is we have a pretty high chance of witnessing a breakout today and it could be a gap down too. haha, juz my wild guess. fcpo price has been hovering in the high (4476-4560), the record high since the end of July 2021. SO it is more than a month now. we got some chance that the market is having some kind of new move right now. Tug-of-war between the bear and the bull has to come to an end. The winner will appear pretty soon. IF they fail, THEN the buffalo will remain in charge. Buffalo? Yes, it stands for sideway market. Heavy and not moving. that's all for now, folks. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated. *plan your trade and trade your plan... gud luck* higher resistance : 4476-4560(the record high) resistance : 4300-4335 immediate support : 4180-4190 lower support : 3880 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
MYX:FCPO1!
by HAIDOJO_trading