FCPO – Educational Outlook on Higher High & Fibonacci Zone (M15)
Recently, the structure of FCPO shifted into a Higher High, which indicates a Bullish Trend.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
Anmerkung
Price reaching the zone..Trade ist aktiv
Anmerkung
M15 have bullish candle. That is one signal.Anmerkung
For risk management,Stop Loss has been placed at current low - 1 tick @ 4431
Trade geschlossen: Stop wurde erreicht
Stop Loss triggered
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.