Long

FCPO 7 Feb 2023

Updated

Price is still in the uptrend channel.
Expect the price to retest the mid/lower channel.

5min TF, price respect EMA50. If today price cross EMA50, expect some trading range before next movement.

Note

Gap up break prev. channel.
Create new possible channel

Note

5min channel

Note

1min possible entry if reject EMA10

Note

Price rebound to EMA12 14tick TP.

If price break below, possible minor correction until mid/lower channel

Note

Price expect buat trading range atau turun to lower channel

Note

Price cross EMA12 5min before market close indicates 1st sign sideway.

Note

Price trade in range..
Test lower channel and EMA50

Note

Price break channel indicate confirmation of ranging market OR change trend
Price retest & Reject EMA12 indicate strong seller in the market.

Note

Price break channel but reject EMA50 indicate buyer still strong.
Strong upward movement before market close reaches the supply area before close back in the range.

ArifHasbollah

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