FCPO 13 Oct 2021 : Re-entry Sell EMA14

13 Eki 2021

Yesterday closing market setup.

Trading Plan :
1. Setup : EMA14<EMA50 = Sell trend
2. Signal: 15min Price retest EMA14
3. Confirmation: 5min Bearish Engulfing
4. Entry: at least 50% bearish engulfing body CS
5. SL: 10tick above retest CS
6. TP: 15min support area / if there any rejection

If today price open above EMA14 consider the market sideway with this possibilities :
1) Test EMA50
2) Test Resistance (R1):4900 and Support (S1):4849

Notice price is closer to the major uptrend line. Price may break the trendline or reject the trendline to continue bullish momentum.

Trade.At.Your.Own.Risk (TAYOR)

13 Eki 2021

Not

False breakout entry :

its not ideal setup..but we can ride for a while..

13 Eki 2021

Not

TP Hit as expected.. False breakout is a good setup

13 Eki 2021

Not

Pennat pattern?

13 Eki 2021

Not

Alhamdulillah.. Exit when you see reversal CS as usual..