FCPO ANALYSIS 26.02.20241) I see the price movement heading towards resistance, which is the previous trendline support now turned into resistance.
2) I use Fibonacci retracement to find the best price for selling.
3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.
FCPO1! trade ideas
FCPO ANALYSIS 23.02.20241) The structure forms a new lower low, indicating downward pressure in the current trend.
2) There's a breakout from the support trendline which is likely to turn into resistance.
3) Price movement is expected to rise towards the Fibonacci retracement area between 50-61.8% before further decline.
4) The boxed area is marked as a confluence zone encompassing the upper trendline, the trendline-turned-resistance, and the Fibonacci retracement area of 50-61.8%.
5) The significance of the Fibonacci 50% level in price reactions, particularly in commodity contexts.
FCPO ANALYSIS 22.02.20241) Prediction of a decrease in FCPO prices for the May contract.
2) Identification of resistance zones as the main reason for the downward prediction, including:
-Trendline now acting as resistance.
-Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8).
3) The presence of a QM pattern, indicating a possible trend reversal.
FCPO Week 7 2024 - target 3815 area.After going higher the price closed lower at the end of the trading day. It createed a high wick which indicate that there is still possibility that price is going lower. Based on this for Week 7, price might see a movement lower towards at least 3815 area. Will need to see the price action at this level to see if price wanted to go higher.
Capitalize on potential upside breakout of FCPO (Swinger style!)FCPO has been in consolidation mode for quite some time and has formed a descending triangle. Following 7 straight days of green daily candles, it is becoming clearer that upside breakout of the declining resistance trend line is possible as bulls push forth steadily.
How do we then capitalise on it?
Consider the plan below :
Entry : Buy 2x number of lots at support around 3780 level or at any signs of retracement below 3820 level
TP 1 : Take profit for 1x number of lots at 4000 level and buy back at 3930 level
TP 2 : Take profit for 1x number of lots at above 4050 level with trailing stop of 2% and ride the wave to at least 4270 levels.
Stop Loss : Exit 2x number of lots at 3750 level
What do you think?
Darren Lim
Commodities Strategist
TRADE USING DIVERGENCE SIGNALS, THRILLED & ECSTATICTrade using divergence signals,
This signal is very suitable for knowing the direction of the market, entering the market and obtaining a good position.
1. Use a larger timeframe, and/or a small timeframe should follow the larger tf. It also includes
other buy/sell signals.
2. A good signal is when the signal is triggered in the supply or demand zone
30 MINUTES
5 MINUTES
CREATE ALERT for bullish/bearish divergence signals
#PetaFCPO .... 19 Dec 2023#PetaFCPO: 19 Dec 2023 #FCPO .... Contract MARCH 2024
Boleh monitor EMA's lines ( Lawo, Comel, Molek, Ayu ) , MiB, Gann Lines , MD & RD
Market Bukan Kita Yang Control... Kita Boleh Control EP, SL & TP je 😁. Trade What U See ..... Major TF 📊 Downtrend
Good Luck Semua..
Sila Jaga Stop Loss
🔥Buy At Your Own Risk ( BAYOR )🔥
🔥Sell At Your Own Risk ( SAYOR )🔥
👇Practice 👇
10 Ticks a day.. Keeps the losses Away
More you Participate in discussion, More you will learn,
More you Learn , Insyallah More you will Earn
Learn for Earn
#Harini nak kemana tu ?.....Pre-Opening 18 Dec 2023 .....#PetaFCPO: 18 Dec 2023 #FCPO .... Contract MARCH 2024
Boleh monitor EMA's lines ( Lawo, Comel, Molek, Ayu ) , MiB, Gann Lines , MD & RD
Market Bukan Kita Yang Control... Kita Boleh Control EP, SL & TP je 😁. Trade What U See ..... Major TF 📊 Downtrend
Good Luck Semua..
Sila Jaga Stop Loss
🔥Buy At Your Own Risk ( BAYOR )🔥
🔥Sell At Your Own Risk ( SAYOR )🔥
👇Practice 👇
10 Ticks a day.. Keeps the losses Away
More you Participate in discussion, More you will learn,
More you Learn , Insyallah More you will Earn
Learn for Earn
PetaFCPO by SinggangSawit.. 06 Dec 2023#PetaFCPO: 06 Dec 2023 #FCPO .... Contract FEB 2024
Boleh monitor EMA's lines ( Lawo, Comel, Molek, Ayu ) , MiB, Gann Lines , MD & RD
Market Bukan Kita Yang Control... Kita Boleh Control EP, SL & TP je 😁. Trade What U See ..... Major TF 📊 Downtrend
Good Luck Semua..
Sila Jaga Stop Loss
🔥Buy At Your Own Risk ( BAYOR )🔥
🔥Sell At Your Own Risk ( SAYOR )🔥
👇Practice 👇
10 Ticks a day.. Keeps the losses Away
More you Participate in discussion, More you will learn,
More you Learn , Insyallah More you will Earn
Learn for Earn