Week 36: FCPOX 2020 is stagnant
Week 36: 31 August to 04 September 2020
FCPOX 2020 analysis
If you are still holding your LONG position from last week, now it is a good time to liquidate your position.
Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent before the storm is coming, as a trader, we shall wait and follow the next movement.
This week, I would rather wait and see. I will place two lines:
- if the price break RM 2,840, then I will look for a setup to buy
- if the price break RM 2,600, then I will look for a setup to sell
For now just chill.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
FCPOX 2020 analysis
If you are still holding your LONG position from last week, now it is a good time to liquidate your position.
Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent before the storm is coming, as a trader, we shall wait and follow the next movement.
This week, I would rather wait and see. I will place two lines:
- if the price break RM 2,840, then I will look for a setup to buy
- if the price break RM 2,600, then I will look for a setup to sell
For now just chill.
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
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