1. Based on analysts, the current price is not sustainable 2. Price almost reaches ATH before decide to break higher or lower. 3. Price consolidation for a couple of months can be reaccumulation or distribution. But based on previous spring formation and LPS indicate strong buyer. Strategy: For Buy..Wait for the price pullback to 4480~4490 range..Why? 1....
1. Price have a large upward movement since the spring formation. 2. Expected price consolidate to establish LPS (last point of support) 3. Price expected to move within the 3 Gann level (70~80 tick) 4. Reach significant resistance.
1. Price at Resistance level 2. Price at the Downtrend line. 3. Price reaches max daily range. 4. 15min Bearish Harami / Inside bar 5. 5min Evening star pattern. Might be shorter trade.
1. Yesterday have a false breakout and price consolidation for a while. As usual, the false breakout will produce a higher magnitude of movement. 2. Today price breaks 2 resistance levels. 3. Now price rejects resistance level + Gann level with shooting star CS @ 5min TF. 4. 15min TF has a spinning top black CS pattern. 5. Since the trend now is bullish, selling...
1. Yesterday's price has a large downside movement up to 200tick. 2. Yesterday's price close with bearish CS. 3. Today price open below the 1st support area and the price closes back inside the range close the gap. 4. False breakout trade still valid as long as the price trade above the support area. As an intraday trader, monitor any rejection at 15min...
1. Price consolidation starting July 2021. 2. Automatic Rally (AR) with a large price drop to establish the support. 3. FCPO created ATH shows Sign of Strenght 4. Multiple Formation of Secondary Test (ST) with significant supply volume. 5. Noticed formation of the uptrend channel. 6. On 20 Sept 2021, the price drop significantly and close above the AR/support area...
1. So far price has respected the uptrend channel. 2. Dec2021 contract open followed by bearish momentum after the false breakout on 15 Sept. 3. Price almost reaches the bottom channel offering long opportunities. Strategy : 1. BUY if there is reversal CS (doji, hammer, engulfing or morning star) 2. SELL if the price has a valid breakout of the support and the...
1. Using Gann square of 9 to determine potential support and resistance level. 2. Between each Gann level has a range of 33 ticks for FCPO. 3. Combination of Gann level and support resistance to entry. 4. Knowing the market condition is a must. (either sideways or trending market)
1. Yesterday 15min TF consist of 3 inside up, Bearish engulfing. 2. Today's price has fake breakout when price open below yesterday low and price close back inside the range for 15min TF. 3. 5min TF has a bullish engulfing pattern. 4. Notice the bullish flag pattern. Strategy : 1. Wait for a breakout the flag pattern 2. 15min price pullback and maybe retest...
1. Price break down trendline. 2. 3 inside up CS pattern at 15min TF. 3. 5min TF breaks market structure when price break the nearest resistance. Strategy : 1. Wait for pullback and rejection CS @ 15min TF. 2. Potential buy zone at confluence area of uptrend and downtrend line. 3. another potential zone is when the price rejects EMA14 at 15min TF.
1. 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.
1. 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.
1. 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...
1. 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.
Market is likely to open as GAP up tomorrow morning before heading downwards. Good Luck
My view for Crude Palm oil as follows. 1) Price will make a decline towards $4336 to $4330 area, making a new support area. 2) Price shall then make a rally and heads to $4500 area (plus minus ish) 3) before making a big drop to $4000 area In conclusion, will look to make a quick 45ticks by shorting. After the 1st session break, i will look for a long...