Palm Oil looking for reversal Palm Oil market rebounds, supported by absorbing higher stock and production reports. Anticipation for tomorrow's data release adds intrigue to the commodities landscape. Space is open for 3800 level for now
FPKO1! trade ideas
9AUG23 FCPOV23 1030AM Current condition is bullishThe 4-hour chart is currently experiencing a major uptrend, albeit weakened due to a substantial retracement.
The heavy retracement is showing signs of short-term exhaustion, which may favor short-term buyers.
On the 15-minute chart, sellers appear to be losing momentum.
Summary: The overall condition suggests a leaning towards a bullish trend, but a cautious approach is advisable. If price hit 3760 or 3674, the bullish conditions is reset and look for new conditions.
Key Level to Monitor: Keep an eye on the level at 3707. Anticipate potential interruptions in the 15-minute price movement initially. If the price rejects from 3707, consider planning for a long setup.
STRONG SUPPORTNow at the area of strong support. Please set Trailing STop to secure your profit.
3645 - 3700 strong support area in multiple timeframe.
For analysis purpose in multiple timeframe.
4AUG2023 1019AM FCPOV23 Current conditions is favor for buyer4hour (higher timeframe)
4hour price by broad view, it is having uptrend. Currently, its pullback is a bit heavy and getting slightly overextended. This condition is favor for buyer.
15min (main timeframe)
Initially, price is falling heavily, but falling price is slowing down in the later event, indicate that seller is losing steam.
Summary - Overall situation is more toward bullish. 3803 is the key level to watch, but I need key price action happen there, I expects price reject strongly there, and look for setup.
If price burst up strongly to 3900 during market open at 1030am, I think my bullish bias is reset.
If price burst down strongly to 3780, my bullish bias is reset too.
FCPO expected to rebound 200 MAFCPO price expected to rebound moving average 200.
Iniate a long position as on the chart.
3AUG2023 1230PM FCPOV23 Buyer and seller in balanceDaytrading analysis.
15-minute timeframe is my trading timeframe (TTF), while 4-hour is my higher timeframe (HTF). The 15-minute price structure is a bit choppy, indicating a balance between supply and demand. A potential trading location is at zone 3822. I'm looking for the 15-minute price to fall heavily and slightly chop outside 3822, and then I'll try to play scalping.
Summary - Look for long setup at zone 3822 if price spike down strongly.
SELL MEET SETUPSELL.. just follow the setup..
This BONDO SETUP combine wave, S&R. We only use 30 min timeframe.
3 simple rules : waiting one of this to hit
- CL
- TP
- Reverse
BUY SETUP BONDO FCPOHIT TP? RANGE 20 TIK FROM TARGET TP. SECURE AND SET TRAILING STOP.
This is BONDO. Now we area waiting for another signal that meet BONDO Setup.
FCPO BONDO SETUPThis is for FCPO Trading SYstem : using BONDO setup that can win every month.
Why it is consistent winning rate?
WE use Probability on our indicator and setup, we tested it for more than 2 year backtest and Live Trade.
Every month Win. 60% winning Rate.
We only have class in malaysia in malay language.
FCPO1! LOOKING FOR LONG ON PULLBACK.market in a large consolidation phase.. my prediction is its going to go up and make a new high. will update once reach target or hit stoploss.
simple method trade fcpo long or shorthi, all..
for trade fcpo u can use 2 indi.. rsi and smart money. just follow the rules. if rsi going down ur targert is short. when rsi going up. just buy long.
FCPO1! OKAY2 LAST CHANCE TO FLY A BITHi, how are guys doing? my long term view is still bearish. im looking to long until price takes the liquidity above recent double top.
ZL (soybean oil) also have a bit more room to go before making a correction / trend change
FCPO THIS MIGHT BE THE TOPlevel is only based on my fibo numbers. as usual. i will be looking for market structure shift with inducement / liquidity sweep to enter short position. the final target may take 2 month to reach if all goes well
Potential FCPO make wave 5MYX:FCPO1! Is making zigzag correction wave c at tf 1D. From tf 4H seem like making wave 4 of motive wave. Correction wave have Predicted to make wave 5 of EW tomorrow. Wave 4 Normally retract to 0.38 fibo from wave 3. Waiting for wave to complete 5 wave in tf1min and ready to long
FCPO will look for longs until hit target.will look for long if given the opportunities. next week maybe we will see major bullish move. and will short at given fibonacci resistance.
FCPO UP AND DOWNmight take 1 week to play out the up move. then we look for change of market structure and we short it
Plan to short FCPO My plan is to short FCPO this morning unless the market opens and breaks LH or makes a new LL this trading idea is invalid...
FCPO! IDEA BASED ON FIBOjust some simple idea based on my fibo numbers.. make sure to have a clear set of rules before enter
SND KEYLEVEL ACT TO SMALL TF BUY@SELL SIGNALSupply & demand is the key to limiting the distance of price movement and
as a projection to correction and price reflection.
Combined with trend gauges such as EMA and overbought/oversold
also makes the position stronger/regular.
HOW TO SET UP FIBONACCI KEYLEVEL GCOV5 SETTING INPUT
Application of PIVOT POINT ( PP gray) and combined of 2 set Fibonacci keylevel
>5min chart timeframe
Plan to short FCPOMy plan is to short FCPO...will find a short position if HL H4 breaks and has a doubles or triples top pattern...but if the market breaks R2@3813 with a big bullish candle I will try to find a buy position till reach Z2
