Week 40: Compression is coming on FCPOX 2020
Updated
Week 40: 28 September to 02 October 2020
FCPOX 2020 analysis
At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder.
However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending triangle.
Therefore, there are many variations that we can play with the market. As this is a weekly analysis, I will choose the smallest risk with a much favourable risk rewards ratio.
Here is my personal trade:
Sell Limit at RM2,978
Stop Loss at RM3,027
Take Profit at RM2,695
Risk Rewards Ratio = 5.9R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
FCPOX 2020 analysis
At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder.
However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending triangle.
Therefore, there are many variations that we can play with the market. As this is a weekly analysis, I will choose the smallest risk with a much favourable risk rewards ratio.
Here is my personal trade:
Sell Limit at RM2,978
Stop Loss at RM3,027
Take Profit at RM2,695
Risk Rewards Ratio = 5.9R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Order cancelled
Sell Limit is not triggered, price is consolidating and making a lower low.Stay tuned for next week analysis.
- SatayFX
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