FKLI TRADE : 77) imminent upside to retest 1620-1640fkli continues its uptrend, despite having some political issues in the Parliament...which is not suitable to be discussed here...however, for most of South-East Asia's countries, politic cannot be separated from its economy...that's the hardcore facts...
current resistance : 1620-1640
support : 1587-1600
strong support : 1556-60
I am no expert, but I am definitely a chart's maniac...hehehe...
gud luck and gud trading
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
Fcpo
FCPO TRADING : 76) sequences of higher-highs and higher-lowsthis is number 76 trades which I have discussed here, in tradingview.
in normal condition, IF you see formation of sequences of higher-highs and higher-lows then it is most likely the market is going to break to the upside...watch out for :
current resistance : 2434
higher resistance : 2474 (the "head" in a possible "head-and-shoulder" pattern)
strong support : 2300
I am a breakout trader, so I am anticipating a breakout to the upside...
I am no expert but I definitely luv trading...
so gud luck and gud trading!
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
FCPO Outlook Week of 13/07/2020Based on weekly chart, price is still within the body of last 2 weeks candle and continued to test previous weekly resistance albeit some retracement last week.
This week, most probable it going to retest immediate resistance of 2429 area and continue to retest resistance level at 2464. Look for buy opportunity. Wait for confirmation at 1H chart and refine your entry at TF15
July08 - CPO (1D) - Next test on 230x-3x Support CRUCIAL! ⚠️CPO still playing within 230x-240x range, which has pretty much defined price movements back in June.
Next test on S1: ~230x will be crucial for CPO mid-term (3Q2020) outlook.
Slight biased to the bears as of writing. Shall S1 fail on next test, major target will be S2 zone.
Levels to Watch:
Major R: 244x-6x
Major S1: 230x-3x
Major S2: 220x-3x
Happy Hunting! 🏹🎯
-jk-
FCPO - Bearish Deep CrabA bearish Deep Crab formed on the M30 TF. Currently the price is still within the potential reversal zone (Blue Box), it might retest the price of MYR 2352.
Oscillator indicator does not indicate overbought zone yet. We shall wait for overbought indication and the price action behave in the blue box. A sell opportunity once the price rejected out of the blue box with OB & PA exhaustion.
Stops: MYR 2353
Potential Reversal Zone: MYR 2450 - MYR 2496
TP1: MYR 2406
TP2: MYR 2363
In higher TF (Daily, Weekly), the price is still upward biased. It's a pull back opportunity and I shall look forward for price to respect the projection mentioned above.