FCPO in uptrend channellooks like the price is following the uptrend channel.
i'm trying to follow the price using elliott wave and abcd pattern.
FCPO1! trade ideas
FCPO looks like will going upbasically history will repeat itself.
today candle break the downtrendline after touching the strong support.
need confirmation and follow where it will go. continuation or reversal
FCPO Week 11 2024 - Retracement expected?The price is still bullish however some retracement is expected before a run higher. Expecting that this week it will make retracement towards 3995 area. Depending on the price action, another bullish push towards 4208 area before a quick run towards 4250 area (which might not happen so quickly).
The combination of gcov5 and TCD osc = high precision & win5m chart, overall condition analysis. The combination of gcov5 and TCD osc will give more strength to a decision whether to buy or sell. In turn, it can increase accuracy and win.
how to get a win in all positions?
1. refers to bull/bear trend ( TCD osc)
2. find a gcov5 signals based on SnD zone and early TCD trend
3. buy price 3 ticks below the close of the signal candle,
and sell price 3 ticks above the close of signal candle,
so that we can get a tick advantage. If a high candle formed, so enter half candle price.
What to do if we miss the signals?
sometimes, we miss a buy signal after several candles.
We can still enter the market by referring to the nearest support as a buy area
and resistance as a sell area. For attention, do not proceed into market if
1. the price breakdown a support or
2. if we have missed the signal too far
DISCLAIMER;
This post is not meant to be a buy/sell call, just ideas and research analysis based on measurement tools.
FCPO - LONG to target 4247.FCPO is to go higher. Strong bullish push towards a target of 4247 to its way to a higher target of 4425.
FCPO Week 10 2024 - Ready to rocket?At the current price going LONG might be a good idea. Initial target should be around 4035. Expecting a bit of retracement after that before another run higher.
Identify reversals and confirmation.Step to identify the beginning of a reversal and making a decision for a trade.
1. Draw/mark the current trend based on HH/HL/LH/LL, and use the trend line at those points.
2. If the current price crosses the trendline, that's an early signal for a reversal.
3. confirmation of a reversal when the price breaks the structure/pattern (bottom/top).
4. After the above happens, the weighting of the position in the small timeframe (3m/5m) is
based on the larger timeframe (1H). For example, 1H reversal up and then 5m should look
for a buy signal/keep buy.
5. The distances of target for the buy condition must be limited in the supply zone=previous
higher high/lower high. Vice versa, a distance of targets for the sell condition must be limit
in the demand zone=previous higher low/lower low.
6. you can combine with other measuring tools such as stochastic or RSI. The example here uses
Trend Circle Divergence (TCD) based on RSI, wave of momentum, EMAs, and MACD.
*Please refer to the chart below for in-depth information and analysis.
How do reversals happen and identify appropriate positions?
Price action/movement, patterns, and their effects
FCPO Week 9 2024 - Still bearish.FCPO is coiling. Price is almost stalling last week. It goes up one day and then it got taken out the next day. So at the end of the week it is more or less moving no where. It might do the same next week within the flag formation. Still with bearish view for price to move to 3720 area which might be the support area before price eventually moving higher. The bullish view will come into picture if price move and close above the flag resistance area.
FCPO ANALYSIS 26.02.20241) I see the price movement heading towards resistance, which is the previous trendline support now turned into resistance.
2) I use Fibonacci retracement to find the best price for selling.
3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.
FCPO ANALYSIS 23.02.20241) The structure forms a new lower low, indicating downward pressure in the current trend.
2) There's a breakout from the support trendline which is likely to turn into resistance.
3) Price movement is expected to rise towards the Fibonacci retracement area between 50-61.8% before further decline.
4) The boxed area is marked as a confluence zone encompassing the upper trendline, the trendline-turned-resistance, and the Fibonacci retracement area of 50-61.8%.
5) The significance of the Fibonacci 50% level in price reactions, particularly in commodity contexts.
FCPO ANALYSIS 22.02.20241) Prediction of a decrease in FCPO prices for the May contract.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.
FCPO Week 8 2024 - BEARISH to target 3721 area.FCPO might see a bearish price action next week. Probably before that there might be a retracement higher toward 3875 area before the move lower to target 3721.
FCPO Week 7 2024 - target 3815 area.After going higher the price closed lower at the end of the trading day. It createed a high wick which indicate that there is still possibility that price is going lower. Based on this for Week 7, price might see a movement lower towards at least 3815 area. Will need to see the price action at this level to see if price wanted to go higher.
FCPO to go higher?At the current level FCPO might have found support. Price is now ready to go higher. Immediate target is the previous high. There might be a bit of retracement before it should resume higher toward 4245 area.
FCPO aiming for 3750 area.There is no signal yet for the end of the retracement. Short term target is the 3750-3740 area. Price will likely consolidate a bit in this area. Bullish camp might want to wait for bullish price action in this area before jumping in. Good luck!
FCPO bullish.FCPO is bullish however whether it will continue bullish will depends on the price action at the start of next week. It might push back towards 3870 area before making another push higher to the 4240 area.
FCPOIt will be in a downward direction. Entry point is 3931, stop loss is 3937, and take profit is 3906.
FCPO outlook.Short term FCPO is bullish. The immidiate target is 4043 area. Consolidation is expected and price might move down to 3800 area before resuming higher with a potential target of 4200 area.
Capitalize on potential upside breakout of FCPO (Swinger style!)FCPO has been in consolidation mode for quite some time and has formed a descending triangle. Following 7 straight days of green daily candles, it is becoming clearer that upside breakout of the declining resistance trend line is possible as bulls push forth steadily.
How do we then capitalise on it?
Consider the plan below :
Entry : Buy 2x number of lots at support around 3780 level or at any signs of retracement below 3820 level
TP 1 : Take profit for 1x number of lots at 4000 level and buy back at 3930 level
TP 2 : Take profit for 1x number of lots at above 4050 level with trailing stop of 2% and ride the wave to at least 4270 levels.
Stop Loss : Exit 2x number of lots at 3750 level
What do you think?
Darren Lim
Commodities Strategist
TRADE USING DIVERGENCE SIGNALS, THRILLED & ECSTATICTrade using divergence signals,
This signal is very suitable for knowing the direction of the market, entering the market and obtaining a good position.
1. Use a larger timeframe, and/or a small timeframe should follow the larger tf. It also includes
other buy/sell signals.
2. A good signal is when the signal is triggered in the supply or demand zone
30 MINUTES
5 MINUTES
CREATE ALERT for bullish/bearish divergence signals
latest price direction for FCPO 30minprice likely will retrace back to demand area after hit double top previous range.
can try to find buy opportunity at demand zone
FCPO REACH SUPPORTFCPOG24 in my study reach support and going to fly. Awaiting your opinion abt tis situation
#PetaFCPO .... 19 Dec 2023#PetaFCPO: 19 Dec 2023 #FCPO .... Contract MARCH 2024
Boleh monitor EMA's lines ( Lawo, Comel, Molek, Ayu ) , MiB, Gann Lines , MD & RD
Market Bukan Kita Yang Control... Kita Boleh Control EP, SL & TP je 😁. Trade What U See ..... Major TF 📊 Downtrend
Good Luck Semua..
Sila Jaga Stop Loss
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🔥Sell At Your Own Risk ( SAYOR )🔥
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10 Ticks a day.. Keeps the losses Away
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