FCPO 22 Sept 2021 : Trade Bearish Engulfing and Doji
1. After price consolidation only 60tick movement, today price open gap up and large movement upside.
Reason Entry Sell :
1. Fresh Resistance/Supply zone
2. Bearish engulfing @ 5min TF
3. Doji formation @ 15min TF. Next candle after doji usually decides the direction.
4. TP if price rejects EMA14/EMA50 @ 15min TF.
Other concern :
1. China Evergande issue might contribution significant effect to the world economy.
2. China is our 2nd largest Palm oil export destination behind India.
3. Remember when Lehman Brothers collapse on 2008.
Reason Entry Sell :
1. Fresh Resistance/Supply zone
2. Bearish engulfing @ 5min TF
3. Doji formation @ 15min TF. Next candle after doji usually decides the direction.
4. TP if price rejects EMA14/EMA50 @ 15min TF.
Other concern :
1. China Evergande issue might contribution significant effect to the world economy.
2. China is our 2nd largest Palm oil export destination behind India.
3. Remember when Lehman Brothers collapse on 2008.
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