We may assume that the 400 ticks target at 2155 has come to an end after the stop and reverse buy trade signal is published in this write-up as mentioned in the previous posts. We did say that once the stop and reverse trade signal is out, we will probably miss the 2155 target and had to look for another level to get the 400 ticks target.
The indicator Y short 2317 on FCPO short term technical trend trading will have to do a stop and reverse buy trade once the cpo futures price is closed above 2292 at 6pm today without taking into consideration on any unforeseen circumstances that we used to say...higher high lower low and so forth.
Let's wait and see what will be the close at 6pm today? If it is a long signal, then, we will focus on the next 400 ticks target of the first half of this year!
So, again, the indicator Y will turn long once cpo futures price is closed 2293 or higher at 6pm today in about one hour time from now (as promised by us in giving out the indicative price earlier for readers traders to digest!). If not, hold on and wait for tomorrow trade signal again.
Be it a profit trade or losing trade?
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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