FCPOX2020 Bullish exhaustion
Week 30 (20th to 24th July 2020)
Futures code: FCPOX 2020
This is my first post analysing CPO Futures and I will try to make it a weekly post.
Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum.
If you are an aggressive trader, you can start Shorting FCPOX 2020 at 2650 (Sell Limit), alternatively if you are a confirmation trader, you can wait whether today's price will be closed as a bearish candle.
This week trade call:
Entry at 2650 (either at market or Sell Limit)
Stop Loss at 2690
Take Profit at 2505
Optimal Take Profit at 2450
RR ratio, at least 1:3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
Futures code: FCPOX 2020
This is my first post analysing CPO Futures and I will try to make it a weekly post.
Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum.
If you are an aggressive trader, you can start Shorting FCPOX 2020 at 2650 (Sell Limit), alternatively if you are a confirmation trader, you can wait whether today's price will be closed as a bearish candle.
This week trade call:
Entry at 2650 (either at market or Sell Limit)
Stop Loss at 2690
Take Profit at 2505
Optimal Take Profit at 2450
RR ratio, at least 1:3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
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.