FPOL1! trade ideas
FCPO Market Overview for 11 November 2024FCPO market on 11 November 2024 reflected a blend of bullish technical patterns and supportive fundamentals. The decline in Malaysia's October palm oil stocks adds to the bullish case, reinforcing the idea that supply concerns could keep prices elevated. The daily chart’s uptrend remains intact, though the 5,200 level continues to act as a formidable resistance zone.
For tomorrow’s trading session, monitoring price action around 5,200 will be crucial. If this level breaks with volume, it could signal a continuation of the rally. However, if selling pressure persists, expect a potential consolidation or slight pullback to retest lower support levels, presenting strategic entry points for both intraday and swing traders.
As we await the next trading day, these technical insights and the latest news serve as a foundation for developing robust trading strategies in the ever-volatile FCPO market.
See full analysis from Master FCPO Trading website.
FCPO Daily Analysis for 8 November 2024 - Strong Bullish TrendsThe FCPO market on 8 November 2024 exhibited sustained bullish momentum across multiple timeframes, driven by robust demand expectations from Indonesia’s biodiesel policy, supportive global edible oil prices, and resilient technical levels. The daily chart reflects strong upward trends, despite an overbought reading, while the 1-hour and 5-minute charts align with this sentiment, offering actionable pivot points and dynamic support levels.
External factors, such as the expected increase in biodiesel demand, global supply forecasts, and the ringgit’s strength, add further complexity to the market’s outlook. Despite the potential for minor pullbacks, today’s market behavior underscores a positive sentiment that could extend into the coming week.
In preparation for 11 November, traders are advised to monitor pivot levels and dynamic supports, leveraging the Moving Average Ribbon as a guide. While the bullish trend remains intact, vigilance around key resistance points will be essential in navigating any reversals.
Visit Master FCPO Trading website for full analysis.
FCPO Daily Analysis for 7 November 2024: Continue Bull RunThe FCPO market on 7 November 2024 demonstrates resilience, buoyed by supportive supply-demand dynamics and recent news. The daily chart confirms a bullish trend, while the 1-hour and 5-minute charts provide tactical insights for range-bound and intraday traders.
With the Malaysian Palm Oil Board data set for release on 11 November, traders should stay informed about potential market-moving news. In the meantime, strategic entries near support levels and cautious exits at resistance can yield profitable trades in this environment. The FCPO’s performance today underscores the importance of adapting strategies across different timeframes to maximize profit while managing risk.
In summary, while the FCPO market remains bullish in the longer term, tomorrow’s trading may offer both continuation and range-bound opportunities. By following key technical levels and adapting to market developments, traders can make the most of the ongoing uptrend and potential intraday fluctuations.
Cockroaches pattern.. ha ha ha....still no clues where the price will go... juast stay aside waiting breakout.. higher possibility price will continue go up....
SIDEWAY BREAKOUTHello everyone, today I’ll share how to enter a sideways breakout. First, mark a box as shown in this video. Wait to see if it breaks above or below. For entry, go to a smaller time frame to look for a setup. Before entering, check where the stochastic is positioned. Then, go down to an even smaller time frame. For entry, look for an inside bar and ensure the stochastic is at the bottom for a long position entry.
corrective phase to continue down ?this week would be difficult for intraday... m15 tf show correction wave still in progress.. once it break the channel price expected to drop till 4.5k..
FCPO WEEK 45 2024: BULLISH.FCPO is bullish. However it starts to look heavy and overbought. Waiting for a retracement lower might be a good idea before committing. If the retracement holds and creates a support area then there is good probability that FCPO will move higher and possibly creating a new higher high above 5000.
DEMAND AREA & INSIDE BAR BREAKOUTHello everyone.. today I want to show you how I set up my entries. Based on my experience and analysis, you can check out this video to follow along. First, on the larger timeframe, we see that price has made a pullback in the demand area. Every time there is a big price movement like this, you can mark it as a zone like I’ve shown. Switch to the line chart, and you'll see the demand area there. Once you’ve marked the zone, don’t enter immediately. Go to a smaller timeframe to see what’s happening. On the 1-minute timeframe, there is an inside bar breakout. Wait for the candle to close with a full body, and then enter. The same goes for the two zones I’ve marked. Keep practicing to sharpen your eye for these setups!
BREAKOUT STRATEGYThe way to use the inside bar candle together with SNR (support & resistance) zones is by waiting for an inside bar to form near the SNR zones. When the price breaks out from the inside bar, open a position in the direction of the breakout, but ensure it aligns with the reaction at the SNR zones. If the breakout occurs at the resistance zone, consider entering either a continuation or reversal trade, and similarly, if the breakout happens at the support zone, consider entering.
FCPO Daily Analysis for 22 October 2024 - A Detailed LookFCPO market was driven by a combination of bullish technical patterns and positive external news. The breakout from the symmetrical triangle on the 1-hour chart signals a potential trend reversal, and the market's ability to maintain its gains throughout the session suggests that buyers are firmly in control. However, the RSI levels indicate that the market may be entering overbought territory, and traders should be prepared for a potential pullback in tomorrow's session.
For tomorrow, the strategy is to wait for a pullback to key support levels, monitor the RSI, and look for confirmation of the bullish trend. With global demand on the rise and output forecasts declining, the FCPO market is poised for further gains, but traders should remain cautious and keep their risk management strategies in place.
Diomand pattern completedDiamond pattern completed as well as corrective counting.. let see tomorrow morning session how the chart is... if it start to create native wave then we may trade follow the trend... if it continue corrective wave to create triple3 then protect our capital
INSIDE BAR WITH SUPPLY & DEMANDHow can I get 100 ticks in one day? First, when the price opens and closes at resistance on the 15-minute time frame, I move to a smaller time frame to look for a setup. On the 5-minute time frame, there is an inside bar candle. When the candle breaks the inside bar, I immediately enter. Then, there’s another setup where the price makes a pullback at the supply area, which is a drop-based-drop pattern on the 3-minute time frame. Usually, when a big movement happens, we wait for the price to make a pullback in the supply and demand area.
FCPO WEEK 43 2024: Bullish retracement.Price has been moving higher after penetrating the neckline of the rounded bottom. Price stays above the neckline for the passed 2 weeks and it should be the indication that momentum is building for a move higher. However expect that price will make a retracement lower to the support area. If this area holds then price should continue higher and possibly making a new higher high.
Happy trading week.
is corrective wave done ?!!! tricky part on corrective wave.. got few possibility
1) corrective wave done continue for motive wave
2) Y not yet complete as it continue to create triangle for another 2 wave
3) double3 in progress
Trading Plan ??
FCPO Daily Analysis for 15 October 2024 - Market ReboundsToday’s FCPO market on 15 October 2024 demonstrated a strong recovery from previous lows, primarily driven by buying interest around key support levels and news regarding lower palm oil exports and global crude oil price hikes. Technical indicators on both the 1-hour and 5-minute charts show a potential shift towards bullish momentum, although the market may encounter some resistance near RM 4,300.
For tomorrow’s session, traders should watch for any pullbacks toward the RM 4,220 level as a potential entry point for long positions, while also being cautious of resistance at RM 4,300 and RM 4,350. With global palm oil data and external market factors continuing to influence price movements, it’s essential to stay updated and agile.
The FCPO market is always full of surprises, and today was no exception. Stay sharp, and let the charts guide your decisions!
FCPO: Bullist Confirmed4H Chart Trading Plan: Confirmed Bullish Pattern
Target Price 1 (TP1): 4264
Target Price 2 (TP2): 4162
Cut Loss (CL): 4372
Entry Strategy:
Monitor the 15-minute time frame (TF15min) for a red signal to initiate a SHORT position.
If tonight's entry is missed, look for entry opportunities on the 5-minute time frame (TF5min) during tomorrow's morning session.
FCPO Daily Analysis for 14 October 2024 - Market Dynamics UnveilCombining H1 and 5-Minute Charts for Tomorrow’s Trading Plan
Based on the technical analysis of both the H1 and 5-minute charts, the following conclusions and trading strategies can be drawn:
Watch for a Breakout Above 4,400 (H1):
A confirmed breakout above the 4,400 resistance level on the H1 chart could provide an opportunity for long positions, targeting 4,450 and possibly higher. The key is to wait for a strong bullish confirmation with accompanying volume.
4,240 Support Holds the Key (H1):
Should the price fail to hold 4,240 on the H1 chart, a significant downside move could occur. Look for short opportunities with potential targets around 4,200 and possibly 4,160.
Intraday Focus on 4,320 - 4,300 Zone (5-Minute Chart):
On the 5-minute chart, the market is showing signs of exhaustion. If the 4,300 support holds in early trading tomorrow, a quick bounce toward 4,320 is likely. However, if 4,300 is broken, look for a potential move lower.
RSI and Momentum Indicators:
Keep an eye on the RSI for any signs of divergence or overbought/oversold conditions, as these could provide early warning signs for reversals.
Ready for breakout at level 4.6k !daily chart still shows trending to break 4.5k.. with coming el nino, it might help FCPO reach up to 4.6k
FCPO menbuat diamondchart fcpo membuat bentuk diamond utk meneruskan penurunan... apa pandangan anda
FCPO Weekly Analysis for Week 7-11 October. Prepare!The FCPO market for the week of 7-11 October demonstrated strong bullish momentum, with the price breaking key resistance levels and forming higher highs. The key levels to watch for the upcoming week are the resistance at 4,322 and the support at 4,200. Traders should look for breakouts or pullbacks to these levels as potential entry points. Utilizing tools such as RSI, moving averages, and volume analysis will help in confirming trades. With proper risk management and a solid trading strategy, traders can capitalize on the opportunities presented by the current market conditions.
Is CPO Malaysia can Breaout 2022 Resistance?Soon MYX:FCPO1! will test it's long term Resistance (since 2022) at MYR4,500.
The question, can it Breakout now?
Try to look at Monthly Chart and you will see that since 2022, CPO Malaysia has been Up Trending according to SMA60. You can expect the fall from early 2022 up to now is within Technical Correction phase.
And the time is up.
I predict CPO Malaysia will Breakout MYR4,500 soon, help by La Nina potential.
