Edited 18-Jan-2018:
FCPO entry completed: Short FCPO April 2018 at price 2476.
Profit taking target is according this 2420, 2400, 2370. Traders are advised to set trailing stop after each profit target cross.
Stop loss is at 2560 (2530+30 points).
Good luck!
Edited 17-Jan-2018:
The confirmation to SHORT has arrive, MA9 cross below MA16. According to TKM v1, the entry will be on Tomorrow (18-Jan-2018) open price. TKM v1 will Short the Open Price tomorrow regardless of gap up or gap down.
Original posted:
Weekly trend is show potential reversal. MACDH started to ascend upwards. Weekly ending at 2536. Support at 2450 indeed holding the price very well. But we can see clearly from the Weekly chart, the price continue to make a new higher high, no lower low.
This is a typical uptrend pattern. On the other side, the weekly candle is a bearish type, that kind of conflicting with the pattern. However,TKM v1 will not take Chart Pattern and Candle Colour/Type into consideration.
Weekly trend is showing potential reversal to upside, MA 9 had cross upward to meet MA 16 during 28th Dec 2017. LONG entry might be possible but it is not encouraging because the trigger happened. Aggressive trader might place Long entry on 2550 with a Cut Loss at 2450. But TKM v1 will not trade on this. Instead TKM v1 is for fresh signal only.
