FCPO TRADING : 336) sideway for too darn long...
this is haidojo and the number is 336...
sorry folks! I am truly very sorry! After a long 3 months, I have returned...
The main reason for my absentee for the past few months is fcpo has been trading sideway and it has been absolutely NOTHING much to discuss...
fcpo is killing me with sudden ups, sudden down, when the trend is supposingly confirmed, then suddenly the tide has changed and it moved the opposite direction and killed all my trades! All this is driving me crazy....so I come with the idea to take the game to the next level by trying to trade "outsider" such as e-micro gold futures (MGC )and micro e-mini dow jones (MYM) and not focusing so much resources on double fcpo and fkli...
Back to business, the technical part, about the price-action. As we can see frm the chart, now we are at the crossroad, 4136...some resistance level, the blue line...and price might fall back to support level at 4000...look for some slowing down and reverse...if it hits the ceiling at 4255, the next resistance level, then we should be looking for some slowing down and reverse...that's all for tdy
**plan your trade and trade your plan... gud luck**
resistance : 4255-4300
overhead resistance : 4130-4170, happening now
support : 3970- 4000
lower support : 3730-3830
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…this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
sorry folks! I am truly very sorry! After a long 3 months, I have returned...
The main reason for my absentee for the past few months is fcpo has been trading sideway and it has been absolutely NOTHING much to discuss...
fcpo is killing me with sudden ups, sudden down, when the trend is supposingly confirmed, then suddenly the tide has changed and it moved the opposite direction and killed all my trades! All this is driving me crazy....so I come with the idea to take the game to the next level by trying to trade "outsider" such as e-micro gold futures (MGC )and micro e-mini dow jones (MYM) and not focusing so much resources on double fcpo and fkli...
Back to business, the technical part, about the price-action. As we can see frm the chart, now we are at the crossroad, 4136...some resistance level, the blue line...and price might fall back to support level at 4000...look for some slowing down and reverse...if it hits the ceiling at 4255, the next resistance level, then we should be looking for some slowing down and reverse...that's all for tdy
**plan your trade and trade your plan... gud luck**
resistance : 4255-4300
overhead resistance : 4130-4170, happening now
support : 3970- 4000
lower support : 3730-3830
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…this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
