FCPO 10 Sept 2021 : Trade inside bar1. Short-term trade only.
2. 15min have 2 Doji indicate indecisive condition.
3. Entry chance if price close on either side of the inside bar.
FCPO1! trade ideas
FCPO 10 Sept 2021 : Break supportFCPO is dynamic..
1. Yesterday's price have a strong bearish movement in the morning session followed by rejection in 15min TF and formed a tweezer bottom at 5min TF.
2. Bullish does not have momentum after 15min TF has a bearish engulfing pattern.
3. Price rejected EMA14 multiple times with a bearish engulfing pattern indicate strong sellers.
4. Today morning price has another significant bearish engulfing and rejected again EMA14.
5. Price break support zone shows strong seller.
The entry :
1. Confirmation price breakout support @ 15min TF.
2. 15min price pullback with rejection CS
3. 5min have a bearish engulfing pattern.
4. Set sell limit order at the open rejection CS of 15min TF.
5. SL set using 1xATR for 5min TF from the last high of rejection CS.
FCPO 25 August 2021 : False Breakout or Inverse HnS1. Morning session price to breakout nearest resistance but failed with the 2nd CS close back inside the range.
2. 5min have reversal CS during the reversal CS.
3. Gann level 4324 consider a strong level as the price at 15min was rejected twice.
4. Notice at 15min chart the inverse Head & Shoulder pattern.
5. 15min price reject EMA14 for an uptrend.
Strategy :
1. Trade fake breakout until nearest support.
2. If the afternoon session has a valid breakout upside, looking for continuation entry.
FCPO 9 Sept 2021 : Trade Tweezer Btm1. 15min TF have doji CS indicate indecisive condition. The next candle after Doji usually determines the next trend.
2. 5min TF have form tweezer bottom. Testing same level 4367.
3. Both TF have oversold stochastic. Higher probability for an uptrend.
4. Bullish trend will be strong if there is bullish engulf for 5min TF.
FCPO 9 Sept 2021 : Price back in range1. Yesterday's price was able to break the significant resistance.
2. Price in the previous range zone from 4413~4560 (134 tick range)
Strategy :
1. Wait for price pullback at the potential support area.
2. Look for bullish reversal CS pattern at 15min TF.
3. Entry confirmation at 5min TF when there is morning star/hammer/Bullish engulfing pattern.
4. Limit order at 5min TF base on interesting risk and reward ratio.
FCPO 8 Sept 2021 : Trade Morning Star1. Yesterday price breakout high of 6 Sept
2. Yesterday Rejection CS at 15min TF.
3. Yesterday 5min have a Morning star candle pattern.
4. Today 15min CS has rejection with bullish CS.
5. 5min TF have bullish engulfing with a hammer.
6. 15min TF reject EMA14
7. 5min TF reject EMA50
Repeat the same strategy all over again.
FCPO 7 Sept 2021 : Trade Hammer1. Yesterday's price breakout the resistance.
2. Price pullback to the support area 5min TF.
3. 5min CS Hammer pattern followed by bullish engulfing.
4. Price near Gann level 4324.
We trade after a bullish engulfing pattern and hit TP @ 4371
Another opportunity if
1. 15min TF has rejection CS near EMA14.
2. 5min Reversal CS pattern + engulfing.
FCPO 3 Sept 2021 : Breakout trendline1. Yesterday's price formed a triangle pattern and breakout.
2. Price did breakout trendline and retest supply zone.
Strategy :
1. Expected price will retest the trendline before continuing uptrend.
2. Wait for bullish engulfing CS at 5min TF with bullish CS for 15min TF.
FCPO TRADING : 300) head and shoulder patternthis is haidojo and the number is 300 ...
today is 2nd Sept 2021 and fcpo-nov21 is still the active third month.
so u will see a huge head-and-shoulder pattern in hourly and daily charts. IF the neckline/blackline is broken, THEN we have a confirmation of reversal and we can start turning to short on rebound as our strategy. the support level to take caution is between 4180 - 4090...almost a 100-pts range. next level of support to look at is 3880.
however, IF this level holds and the neckline is not broken, THEN it will most probably search back retest at 4300-4335. My biased opinion is we have a pretty high chance of witnessing a breakout today and it could be a gap down too. haha, juz my wild guess.
fcpo price has been hovering in the high (4476-4560), the record high since the end of July 2021. SO it is more than a month now. we got some chance that the market is having some kind of new move right now. Tug-of-war between the bear and the bull has to come to an end. The winner will appear pretty soon. IF they fail, THEN the buffalo will remain in charge. Buffalo? Yes, it stands for sideway market. Heavy and not moving.
that's all for now, folks. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated.
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4560(the record high)
resistance : 4300-4335
immediate support : 4180-4190
lower support : 3880
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO 26 August 2021 : Trade Inverse HnS1. Yesterday's price was able to break out the resistance.
2. Rejection of EMA50+EMA200 indicates strong uptrend movement.
3. Today price is still in the range to accumulate before the mark-up phase.
4. 1230pm 15min CS have rejection CS indicate strong uptrend momentum.
Trading strategy :
1. Entry after 15min rejection CS.
2. Close entry if again reject the current resistance (range).
