FCPO Wave 5 complete?The daily chart indicates price exhaustion.
Testing UTL, if break below.. possible correction A,B, C with the new trading range 4081~4372
Fcpo
2 Nov 2022 FCPO Global data/news
• Gold prices pared some gains on Tuesday as the dollar and bond yields rebounded after strong U.S. jobs data raised worries that the Federal Reserve would stick to its aggressive stance on interest rates for some time.
• Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil - including road blocks - after the presidential election.
Remarks
• Previous 1H resistance zone will became immediate support zone.
• Potential Bearish Butterfly harmonic pattern in 1H.
• 1H (20SMA crossing above 50SMA).
• 1H divergence with RSI
Short Term Trend : Sideways
Trading Plan:
• Short –
o Price breakdown 1H resistance zone. TP1:4190 TP2:4079 SL:4300
• Long –
o Price supported and maintain above 1H support zone. TP1:4160 TP2: 4340 SL:4140
o Price maintain above 1H resistance zone. TP1:4340 TP2:4450 SL:4250
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
1st November 2022 Trading PlanGlobal data/news (Reuters and Trading Economics)
• Chicago wheat futures jumped 6% and corn rose more than 2% on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. (Reuters)
• India sharply raised the base import prices of crude and refined palm oil and crude soya oil, the government said in a statement on Monday, as prices jumped in the world market.
• Exports of Malaysian palm oil products for October 1-25 dropped from the same period in September.
• A combination of pressure from the expected rate hikes, the relative strength of the dollar and rising yields continue to pressure gold prices.
Remarks
• FCPO consolidating near daily 100EMA. Major line to break.
• FCPO rebound from 1H 100 EMA twice, both return to the 1H consolidation zone.
• Triangle pattern in 1H chart.
Short Term Trend : sideways
Trading Plan:
• Short –
o Price breakdown and maintain below 1H support zone. TP1:4010, TP2:3980 SL:4080
o Price fail to break 1H resistance zone, TP1:4080, TP2: 4010 SL:4180
• Long –
o Price supported and maintain above 1H support zone. TP1:4155 TP2: 4255 SL:4045
o Price breakup and maintain above 1H resistance zone, TP: 4255 SL:4155
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market.
FCPO breakout the downtrendlineLooks like a three bullish candle appear for the second trial...
To break the DOWN trendline.
Let's have a cup of coffe, and see their moves.
Just wait, there is no thing to do instantly with FCPO1!Just wait, there is no thing to do instantly with FCPO1!
It is really just in a trading range
we are looking in next days for an opportunity.
FCPO Profit 400% in 1Week Using 1H 1Muse trendline & support
details of why u entry & mistake u make
FCPO looking lower in near futureAs significant zone broken, FCPO spot month price may look to have stronger bearish trend towards 3000 level.
Possibly in a very near future.
Demo MYX Future Market Watchlist GeneratorThis is demo for MYX Future Market Watchlist Generator.
The process is similar and explain in this video .
I did some mistake during watchlist. Watchlist does not need to be created.
Import directly from file, new watchlist name will appear.
Sorry for inconvenient caused, this video does not contain audio. Thank you.
Direction of FCPO #7So, who is following from the previous chart analysis? We see it together how the price break the channel and make a confirmation of going short. Now we still see market are in bearish. Tomorrow we will see the market rebound or continue going downwards. But all we have to do now is focusing and looking an entry for short. Remember, risk always be there. This is future trade. SL / CL hunter are exist out there.
Direction of FCPO #6BOOM!, This is what we have been waiting for. The price already break the channel / trendline / neckline. So now all the thing we have to find and look is short position. But need to remember there is support nearby. We should have be aware if the price will make strong rebound or it still break the support. See tomorrow on monday!
FCPO Contract Month Watchlist TutorialThese are the steps shown in video to make FCPO Contract Month Watchlist.
1. Open FCPO1! Chart
2. Check latest contract month
3. Open Indicator
4. Search for FCPO Contract Month Table
5. Take note the latest contract month, example X 2022
6. Select X and 2022 from setting
7. Open other live chart
8. Create new watchlist
9. Set Frequency to All
10. Set alert
11. Set condition
12. Clear Alert Name
13. Click Create
14. Export alerts log to a CSV file...
15. Save csv file
16. Open csv with notepad
17. Remove necessary code
18. Save as txt extension
19. Import list
20. Done
I may do other watchlist such as Sharia market, future etc. Thank you.
FCPO - Bearish flag pattern breakoutComment :
1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag.
2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept.
Support & Resistance:
R : Resistance A
S : Supporting B & 2125
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction.
In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short
Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
This is what we call "libasan neraka"When it comes to FCPO, Technical Analysis come first, then Fundamental Analysis.
From our previous chart, this is what we have been prepared for. So, we going to see where does the market will go. either moving downwards or upwards. Even drop almost 200+- ticks, yet it is still in the parallel channel. So can't identified yet is it in bullish or bearish
Direction of FCPO #3So now the price are at the confluence, waiting for tomorrow either the market will continue going up or it still can't break that area and make rebound go downwards. We will see tomrrow. only trade what u see and not what u hear. #HTYT
Direction of FCPO #2As the previous chart, we predict the market will rebound at the support. But turns out it break the support already and heading towards to the line channel. From there we can see which direction we can focus. either bear or bull. we can make decision from there. but from now. we can go for short
FKLI TRADING : 331) when fundamental clashes with technical...this is number 331...
As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range...
However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip".
higher resistance : 1520-1530
resistance : 1500
immediate support : 1480
lower support/ : 1460
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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!
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FCPO still in bearAfter few huge bearish candle, FCPO now at important resistance level.
If this highlighted level is respected, we may see another bearish run towards the monthly trendline.
Around 3500 level
FCPO, buyer loss power?Let see if seller still in control. This analysis for education purposes only.
FCPO to range higherDaily candle at significant level with weekly reversal zone.
Some bullish momentum with the higher WTI oil price and Soybean price.
Palm and crude oil long term bullish? R u sure?! 21/June/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
