*FCPO* Week 02 – 2021

The trend is bullish breakout FAILURE! This weekly candle is extremely bearish. MACD histogram forms the 32nd bar above zero. This week the market close at 3425. 458 points from top to bottom of this candle! What a week.

 





The MA lines pointing downwards and move closer to each other this week. The price is finally moving below the MA lines. Do keep an eye on the market next week. Upon the cross down, we will initiate Short entry on the next trading day.

TKM v1.2 will continue to monitor for the fresh signal.

 

FCPO Weekly Chart (Week 02 – 2021)
FCPO Weekly Chart (Week 02 – 2021)
FCPO Daily Chart (Week 02 – 2021)
FCPO Daily Chart (Week 02 – 2021)



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.