This weekly chart is a bearish candle, still within bullish trend. MACD histogram forms the 20th bar ABOVE zero. This week the market close at 6119.
MA9 crossed down MA16 on 17th May 2022, the signal confirm on 18th May 2022. TKM v1.2 has place 4 Short entries at the price 6130, CutLoss 6400, Profit target 5800. Yes, we have adjusted our CutLoss and TP range, it is because the volatility of FCPO which make 100 points risk and reward meaningless for position trade. The entry is still active and holding. The result page will be updated with this entry.
Order status: Short FCPO Aug22 at 6130, CutLoss 6400, First Profit target 5800.