FCPO TRADING : 85) a possible false breakout...
Updated
hi, this is trade 85) frm haidojo trading. fcpo-oct has emerges and becomes the new active month...so if you have traded fcpo long enuf, u must know then onli trade the third active month...the resistance 2560 has officially not broken yet...so we wait for :
1) IF the price move back to retest the 2560 and failed, THEN we have a Double-Top formation, indicating short
2) IF there is a gap down today or tmr, THEN the 2560 candlesticks yesterday has become a "lone island", forming some kind of head...so we can still go for short...
3) IF price juz settles calmly near 2474-2480...THEN rebound...go for long, nothing has changed...uptrend persists...
support level : 2475-2480
resistance : 2560
higher resistance : 2630
WARNING : this is solely for educational purpose onli, it is not an indication of buying nor selling therefore trade at your own risk...
**welcome to leave some comments, your "LIKE" and "FOLLOW" are highly appreciated and they are my main source of motivation to proceed further to post more valuable contents...**
1) IF the price move back to retest the 2560 and failed, THEN we have a Double-Top formation, indicating short
2) IF there is a gap down today or tmr, THEN the 2560 candlesticks yesterday has become a "lone island", forming some kind of head...so we can still go for short...
3) IF price juz settles calmly near 2474-2480...THEN rebound...go for long, nothing has changed...uptrend persists...
support level : 2475-2480
resistance : 2560
higher resistance : 2630
WARNING : this is solely for educational purpose onli, it is not an indication of buying nor selling therefore trade at your own risk...
**welcome to leave some comments, your "LIKE" and "FOLLOW" are highly appreciated and they are my main source of motivation to proceed further to post more valuable contents...**
Note
a lot of typo error lately, a Double-Top formation happens at 2570-84, NOT 2560...harap maaf...sori for typo...
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