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Fcpo1

FCPO 13 Sept 2021 : Reversal CS at Gann and Resistance Level1. Price rejection near the resistance + Gann level after upward movement 2. Trade bit risky because the price is able to break EMA14+EMA50. 3. Set sell limit order at the open of bearish rejection CS. 4. Stop loss order is 1 x ATR from 5min TF = 16tick from highest rejection CS. 5. Target profit is at the nearest support or when 15min have bullish reversal CS. Outlook : 1. Since price break EMA50 up and down area means the price will be consolidated for time being until break either support/resistance. 2. Trading range around 60~100tick.
MYX:FCPO1!
by ArifHasbollah
FCPO 10 Sept 2021 : Break supportFCPO is dynamic.. 1. Yesterday's price have a strong bearish movement in the morning session followed by rejection in 15min TF and formed a tweezer bottom at 5min TF. 2. Bullish does not have momentum after 15min TF has a bearish engulfing pattern. 3. Price rejected EMA14 multiple times with a bearish engulfing pattern indicate strong sellers. 4. Today morning price has another significant bearish engulfing and rejected again EMA14. 5. Price break support zone shows strong seller. The entry : 1. Confirmation price breakout support @ 15min TF. 2. 15min price pullback with rejection CS 3. 5min have a bearish engulfing pattern. 4. Set sell limit order at the open rejection CS of 15min TF. 5. SL set using 1xATR for 5min TF from the last high of rejection CS.
MYX:FCPO1!
by ArifHasbollah
FCPO 25 August 2021 : False Breakout or Inverse HnS1. Morning session price to breakout nearest resistance but failed with the 2nd CS close back inside the range. 2. 5min have reversal CS during the reversal CS. 3. Gann level 4324 consider a strong level as the price at 15min was rejected twice. 4. Notice at 15min chart the inverse Head & Shoulder pattern. 5. 15min price reject EMA14 for an uptrend. Strategy : 1. Trade fake breakout until nearest support. 2. If the afternoon session has a valid breakout upside, looking for continuation entry.
MYX:FCPO1!
by ArifHasbollah
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