FCPO TRADING : 267) huge bearish cypher pattern
Juz as I thought the fcpo-may is going to go down, it went up straight away and ...still haven't proved me wrong...
don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if price breaks higher than 3720 and close abv it, then the trend has reversed...that's all I can say...
as for my latest discovery, the price might form a bearish cypher pattern, and advanced pattern appears frm fixed ratio out of fibonaci...
entry at 3670...market closed at this price, SL abv 3720, 1st tp at 3600, 2nd tp at 3540...
personally, I don't trade this one as the SL is too big for my account size...more than 50pts...not gud...
2 levels to watch, if price breaks abv 3720---then turn to long...if price breaks below 3460, then turn to short...
if it bounds somewhr in between, then consider advanced patterns/patterns...or other sideway strategy...
if u don't trade sideway/consolidation, then juz stay away...
PS : again, dun try to trade every possible trade and think u can outsmart the market, it juz won't work that way...
I am thinking to name this one as "shit does happen" but I double-check my analyst last friday and really found no problem with that, EXCEPT
that I left out the part of naming a possible rebound can reach as high as 3720...the previous high itself...
for those who think that if I said the market is going to go down last week, then this week the market rebounds, then it is my fault, I got nothing to say...EXCEPT that I don't have magical wand or crystal ball...if you happen to know a strategy which works 100% all the time (even though I don't buy it), pliz share with me, I would want to know too...
*plan your trade and trade your plan... gud luck*
resistance : 3720 (abv this is bullish)
support : 3600
lower critical support : 3460 (below this is bearish)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if price breaks higher than 3720 and close abv it, then the trend has reversed...that's all I can say...
as for my latest discovery, the price might form a bearish cypher pattern, and advanced pattern appears frm fixed ratio out of fibonaci...
entry at 3670...market closed at this price, SL abv 3720, 1st tp at 3600, 2nd tp at 3540...
personally, I don't trade this one as the SL is too big for my account size...more than 50pts...not gud...
2 levels to watch, if price breaks abv 3720---then turn to long...if price breaks below 3460, then turn to short...
if it bounds somewhr in between, then consider advanced patterns/patterns...or other sideway strategy...
if u don't trade sideway/consolidation, then juz stay away...
PS : again, dun try to trade every possible trade and think u can outsmart the market, it juz won't work that way...
I am thinking to name this one as "shit does happen" but I double-check my analyst last friday and really found no problem with that, EXCEPT
that I left out the part of naming a possible rebound can reach as high as 3720...the previous high itself...
for those who think that if I said the market is going to go down last week, then this week the market rebounds, then it is my fault, I got nothing to say...EXCEPT that I don't have magical wand or crystal ball...if you happen to know a strategy which works 100% all the time (even though I don't buy it), pliz share with me, I would want to know too...
*plan your trade and trade your plan... gud luck*
resistance : 3720 (abv this is bullish)
support : 3600
lower critical support : 3460 (below this is bearish)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
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