Crude Palm Oil FuturesEducation
FCPO Trading Plan : Minor Sideway (Cross EMA14)_2
1) Setup :
i)Price cross over EMA14
ii)Wait for pullback to establish SnR
2) Signal : Rejection CS
3) Confirmation: Bearish engulfing
4) Entry : at EMA14
5) SL above rejection CS
6) TP Support
During the market, draw the minor SnR to confirm the breakout.
Notice false breakout on 15min TF + Bullish engulfing 5min.
i)Price cross over EMA14
ii)Wait for pullback to establish SnR
2) Signal : Rejection CS
3) Confirmation: Bearish engulfing
4) Entry : at EMA14
5) SL above rejection CS
6) TP Support
During the market, draw the minor SnR to confirm the breakout.
Notice false breakout on 15min TF + Bullish engulfing 5min.
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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.
Related publications
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.