Crude Palm Oil Futures
Long
Updated

FCPO 11 Oct 2021 : Re entry EMA14

208
Today BMD increased the min margin to RM7000 due to the high volatility of the market.

Trading plan today :
1. Setup: EMA14>EMA50 @15min TF
2. Signal: Price retest EMA14 @15min TF
3. Confirmation : Bullish Engulfing @ 5min TF
4. Entry: Since bullish engulfing body CS below 10tick, enter by market order.
5. Exit SL : 10tick below retest CS
6. TP: nearest resistance/ when bear CS @15min appear..

TAYOR
Note
snapshot
Note
Exit trade
snapshot
Trade closed: target reached
Note
2nd Signal
snapshot
Note
Watch out for bearish engulfing.. market sideway alert
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.