W228

3AUG2023 1230PM FCPOV23 Buyer and seller in balance

做多
W228 已更新   
MYX:FCPOV2023   Crude Palm Oil Futures
Daytrading analysis.
15-minute timeframe is my trading timeframe (TTF), while 4-hour is my higher timeframe (HTF). The 15-minute price structure is a bit choppy, indicating a balance between supply and demand. A potential trading location is at zone 3822. I'm looking for the 15-minute price to fall heavily and slightly chop outside 3822, and then I'll try to play scalping.

Summary - Look for long setup at zone 3822 if price spike down strongly.
评论:
Note that we need quick confirmation for scalping, if buyer is there, we shall see quick rejection. Trade outcome expectation should be conservative.
评论:
Price rise up to 3846 without much hesitation.
Do not be too greedy on scalp position. We should act quickly when we see quick profit on scalp position.
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