ArifHasbollah

FCPO 14 Feb 2023 : Price breach downtrend channel?

ArifHasbollah Aktualisiert   
MYX:FCPOJ2023   Crude Palm Oil Futures
1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel.
2. SnR: Price plays in the support zone area and is still not decided yet on the direction.
3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level.
4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
Kommentar:
5min
1. EMA12 above EMA50 = Uptrend
2. Price able to break the nearest resistance = Uptrend
Trade ist aktiv:
1min Re-entry BUY chance
Kommentar:
1min
Entry buy confirmation
Kommentar:
1min
Re-entry opportunities when MACD change to red
Kommentar:
Possible uptrend channel
Kommentar:
5min possible TP top channel
Kommentar:
Test EMA50 5min.
See if there is any confirmation entry
Kommentar:
Confirmation entry
Haftungsausschluss

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