FCPO – Educational Outlook on Higher High & Fibonacci Zone (M15)
Recently, the structure of FCPO shifted into a Higher High, which indicates a Bullish Trend.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
Ghi chú
Price reaching the zone..Giao dịch đang hoạt động
Ghi chú
M15 have bullish candle. That is one signal.Ghi chú
For risk management,Stop Loss has been placed at current low - 1 tick @ 4431
Đóng lệnh: dừng lỗ
Stop Loss triggered
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.