The hourly indicator Y short 2254 will still be holding on at 1230pm close later today as the stop and reverse buy signal is still much above 2254 even though it had been adjusted lower.
It will be a losing trade if cpo futures price is really traded above the short 2254 while the stop and reverse buy signal is still no where near to 2254 short level. Be prepared to face the losing trade!?
Remember, majority technical trend indicators never makes profit on every trade but they do face many losing trades in a row that we call multiple losing trades in this futures blog.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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