FCPO – Educational Outlook on Higher High & Fibonacci Zone (M15)
Recently, the structure of FCPO shifted into a Higher High, which indicates a Bullish Trend.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
After breaking the resistance, we can see a base formation, suggesting a lower-risk area to participate on the Buy side.
The blue zone represents the Fibonacci retracement area (0.618 – 0.382).
If price retests this zone and forms a reversal confirmation pattern (such as rejection, engulfing, or pinbar), the probability of a continuation to the upside is stronger.
However, if price breaks below the 0.382 (around 4,437) level, this outlook can be considered invalid.
Strategy outline:
Entry: Wait for a retest of the Fibonacci zone and confirmation of reversal pattern.
Exit: Cut loss if price closes below 0.382.
Potential target: Nearest resistance around 4,500, with possible extension if momentum remains strong.
📌 This analysis is prepared for educational purposes only. It is not a buy or sell recommendation. Please manage your own risk accordingly.
Not a Buy Call, only for you to know how regarding Money Management, and how Setup is Work. Risk of Loss is there, Potential for Profit also there.
Note
Price reaching the zone..Transaction en cours
Note
M15 have bullish candle. That is one signal.Note
For risk management,Stop Loss has been placed at current low - 1 tick @ 4431
Trade fermée: ordre d’arrêt atteint
Stop Loss triggered
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.