1. yesterday's price breakout the resistance. 2. Today price retests the support again. 3. 5min have formed INSIDE BAR near yesterday resistance. 4. EMA uptrend How to trade? 1. Buy at the low inside bar 2. Wait for a breakout for either side for entry.
1. Yesterday's price was able to break out the resistance. 2. Rejection of EMA50+EMA200 indicates strong uptrend movement. 3. Today price is still in the range to accumulate before the mark-up phase. 4. 1230pm 15min CS have rejection CS indicate strong uptrend momentum. Trading strategy : 1. Entry after 15min rejection CS. 2. Close entry if again reject the...
1. 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....
1. Yesterday's price breakout the resistance and inside the range. 2. Currently trading in the range until clear breakout to either side. 3. EMA50 @ 15min is flat indicate ranging market. I'm biased towards bullish because at 15min chart, EMA14 is above EMA50
1. False breakout when price opens below previous day support and immediately close back inside the range without rejection. 2. Entry when price close inside the zone. 3. Or entry during pullback rejection. 4. Usually fake breakouts produce large movements. the daily range for FCPO almost 100~130 ticks.
1. Yesterday's price was able to break previous support. 2. Currently price will trade in the range. Testing previous SbR. 3. Rising wedge pattern indicates bearish continuation.
Trend bias to downtrend. Consolidation phase.. 1. Yesterday's price failed to break the support. 2. Today price failed to break resistance. 3. 15min rejection + 5min CS confirmation false breakout. Trade in the range..
15min chart price break previous day low indicates a downtrend. New day price is open inside the range.
My view for Crude Palm oil as follows. 1) Price will make a decline towards $4336 to $4330 area, making a new support area. 2) Price shall then make a rally and heads to $4500 area (plus minus ish) 3) before making a big drop to $4000 area In conclusion, will look to make a quick 45ticks by shorting. After the 1st session break, i will look for a long...
Yesterday's price was still in the range. Testing support multiple times. 1.Today price open break yesterday resistance. 2.All EMA uptrend 3.Stoch oversold However, the Stop loss is too large to take. Wait for another setup with a good risk and reward ratio.
New contract.. Price seems like trade in the range. Approaching Gann box cycle level 1.0. Lets see if price able to break above resistance.
1. The major trend market structure is an uptrend. 2. Early morning session continues from previous day give us short term trade for downtrend move. 3. Once the downtrend market structure is broken, prepare to find the long entry opportunity 4. There is 2 type of entry. Risky and safe entry. 5. Risky entry when EMA14 + EMA50 still below EMA200 while price...
Time cycle and Gann box to predict the market movement hence easy to make the decision. We use 15min TF as our major time frame. Time cycle draws by choosing double top/bottom. Gann Box draw align with the time cycle for each level. For current market trend, its follow the current cycle time. It might be changing in the future.
Bullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip,...
My view on FCPO; 1) Price is to rally higher to the next Resistance level 2) Price is expecting to do a bullish reversal at the 0.5 fibo level which also respecting the previous resistance turn support level Will enter into a position when price reaching 0.5 fibo and make a higher high. Targetting 170 to 175 ticks.
My view of FCPO for this week. Buying pressure is decreasing and will be looking to consider re-purchase at the 3880 levels. As of now, I am going for Short. Good Luck.
Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area. Expect some retracement upon violating steep UTL, price may find support near S zone. Major S&R zone R1: 406x-418x Major R2: ~4.4k S1: 366x-386x Major S2: 3.2-3.4k Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack...
Price is currently in consolidation. We will look for a possible breakout either up or down. We will see.