Thursday, 26 September 2013

FCPO still bearish even though at slower rate

FCPO - still bearish even though at a slower rate recording lower lows and lower high.

Wednesday, 10 April 2013

SELL AT 2410

I Sell the 1st lot for a profit of 32 pts just after market opened afternoon session on the breakdown of both rising wedge and a bearish flag. The market is a sideway market and my opinion is it still has some more correction.

Sunday, 31 March 2013

Weekly Candlestick from TC Pro- SELL signal

A SELL signal given based on TC Pro's candlestick expert on the weekly chart.

FOOD FOR THOUGHT. CAN ANYBODY GUESS WHICH WAY IS FCPO IS HEADING NEXT?

1. Indicator wise both RSI and the MACD are showing 'up'. 2. Chart pattern wise it broke up above a descending triangle but later it gave a false breakout above a bigger descending triangle and then retraced
. 3. Late Feb. it broke down a major rising wedge ( should be bearish) but instead it went sideways until now.