CPO crude palm oil updated. 7/Mar/22Both “oils” Brent and palm take caution! Beware of the palm tree can’t “grow much” as it’s almost hitting “ceiling height”! “Possible a “bull trap”!
FPKO1! trade ideas
Divergence strategy is very rare but powerful & strenghCRUDE PALM OIL(FCPO)
Reflection of the 5-day Regular Divergence signal by TCD oscillator
The result = 100%.
Let’s check it out here…
here we go…
1st week, FCPO, 5m
2nd week(Monday blues), FCPO, 5m
FCPO : Waiting for Selling OpportunitiesFCPO tends for bearish setup for upcoming weeks.
Bearish is confirmed once get break out of nearest previous swing low on 1H TF.
Bearish setup is invalid once price break previous swing high on 4H TF.
FCPO LOOKING FOR ANOTHER SHORT AFTER A REBOUNDprice make a lower low and made a pullback.. looking for shorts with change of structure on lower TF.. long time snr has not been tested yet. will look for TP at around 3032
FCPO 1HR OTW CREATING NEW LOWoverall trend bearish. looking for shorts around 3570-3600. target lowest point 3237. estimate around 2 weeks to play out direction (red arrow)
FCPO still in bearish biasFCPO still below 200 day EMA
Short position.with SL above recent high and TP at the last low. Risk to reward ratio 1:3
Palm Oil Near its Bottom Range
The palm oil market on Bursa Malaysia has been range-bound, fluctuating between 4,400 and 3,250 ringgits since July 22nd. Currently trading near the lower end at 3,393 ringgits, there are indications of bullish divergence, suggesting a potential upward move. The breakout from the triangle at 3,900 ringgits led to a decline towards the bottom range of 3,250-3,200 ringgits ($850). Traders should monitor for bullish signs and consider the market dynamics for potential price reversal
FCPO - 22 May 6:28pmBias Sell.
Sell stop because:-
H4 - Bearish Pin Bar.
Daily & H4 EMAs are alligned.
Risk 14%.
trading IDEA FCPO 19/5Main Trend: Bearish
Short Term Trend : Bearish
Trading Plan:
• Short –
o If price unable to break above 3407. TP1= 3387 TP2=3366 SL=3420
o If price gap up but fail to break above 3433. TP1=3407 TP=3387 SL=3451
• Long –
o If price break above 3407. TP1=3433 TP2=3450 SL=3387
o If price gap up above 3433. TP1=3450 TP2=3475 SL=3420
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 17May 7:20 am - Bias SellFCPO 17May 7:20 am - Bias Sell
H4 - 3mas are aligned
H1 - 3mas are aligned
Waiting for Trigger Candle at H1 i.e Bearish Pin Bar @ Bearish Engulf
FCPO ANALYSISThis is my basic analysis on FCPO pair...
On future the demand will be high that make this pair has a higher price (my predict price around 42xx) and maybe will create new ATH on 2024/2025
If open with bullish mode, then it might be find the Cyper Price will try to find Cyper at the range of 3933 - 4045
FCPO market direction
fcpo support for a daily timeframe by order block. I expect that the price can't consider a downtrend as long the support didn't t break.
FCPO is aiming for SnormPrice is now in SW mode at the bullish OB. There are 2 gaps to be closed before Snorm (ranging 3868 - 3776).
Price trying to find Sea Pony....Price in teh mode of Sw & at the bottom of lower BB. Trying to find Se Pony at the rang of 3893 - 4092... Wallahu 'alam...
FCPO: 14 April - Buy Limit Order (3H)Because:-
1. Rejection at Support (3H)
2. Engulfing at 3 H
3. Divergence 3H
FCPO 12 April 11:00 pm. Short!No reversal indication.
No divergence from Soya.
Trend to continue downtrend because of 2 Marubozu Candles.
Sell Stop Order
FCPO at support 4 hours TimeframeLooks like FCPO is at the 4 hour timeframe support level. If viewed in terms of fibonacci retracement, it is likely that the price will go down.
