FEPO1! trade ideas
Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k 🐮CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀
Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag.
🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k
❇️Prev idea still largely intact, only now with added bullishness from potential flag formation.
❇️❇️Longterm Outlook: R1 standing, Heading to R2
In long position for cpo, likely to be my closing trade for yr2020 local futures~ 😎⭐️
Happy Hunting! 🥂🚀
-jk-
FCPO TRADING : 227) still on persistent uptrendthis is haidojo and the number is 227 ...
sideway market and it is totally reasonable since it is coming to the end of the year...
with celebration and new resolution coming, there is less and less volume in the trades...so sideway market for both fcpo and
probably fkli too...haiz...
Overall, fcpo-feb is still in uptrend...maybe slowly glides up...
watch out for critical levels or even better....stay away and don't trade...
*plan your trade and trade your plan... gud luck*
higher resistance : 3414-3450 (bull resumes its momentum abv this level)
temporary support : 3280
critical support : 3150- 3210 (bear comes below this level)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FCPO TRADING : 223) still on persistent uptrendthis is haidojo and the number is 223 ...
today, fcpo-feb made an epic turn and reverse kinda movement...and the momentum of uptrend persists...
at least, it resumes its momentum on uptrend until the previous low of 3160 is broken...\
then, we might see some reversal in the trend...
now the immediate resistance is at 3350 and the Double-top position at 3414-3420...
*plan your trade and trade your plan... gud luck*
higher resistance : 3414-3450
resistance : 3350
support : 3260
lower support : 3160 (deciding bull/bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FCPO TRADING : 221) still on persistent uptrendthis is haidojo and the number is 221 ...
forming a Double-top, which is a possible reversal signal, rising the previous low to 3280 -3000 as the critical support now...
lower support is seen at 3160 and 3100...price needs to push abv 3414-3450 new resistance level to move higher...
for now, it is still in uptrend until the support/resistance level is broken...
*plan your trade and trade your plan... gud luck*
resistance : 3414-3450
immediate support : 3350
lower support : 3280-3300 (deciding bull/bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
Resume the rallyBase on technical analysis on FCPO1!, FCPOK has significant breakout above symmetrical triangle, which the minimum price objective would be at 3162. Support would be below apex at 2690.
Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.