Crude Palm Oil Futures
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FCPO 10 Feb 2023 : Bearish divergence in progress?

1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller
2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction.
3. Oscillator: MACD from yesterday shows a bearish divergence

Expectation :
1. Price will continue bearish momentum until at least close the previous gap.

Trading plan as usual :
1. In Early morning, monitor the nearest possible SnR
2. Monitor EMA12 1min TF for entry
註釋
Monitor EMA12 1min and mid channel
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交易進行
Price test EMA12 and mid channel
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註釋
As expected, price react to mid channel.
Watch out for possible reversal / sideway area near the lower channel
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註釋
Another entry chance.
Price test EMA12 5min.
MACD forming re-entry pattern
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