FCPO 22 Feb 2023 : Gap up and UT?
Mis à jour
1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway.
2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner.
3. Channel uptrend is still holding up. Mid channel tested but not cross to the lower track.
4. Market structure: Yesterday's price played in the range. The uptrend is still valid unless the price breakdown and sustains below 4100.
5min :
1. MS : Sideway
2. EMA : Last night EMA12 crosses up EMA50
3. Price to EMA : Not respect either one of EMA = Sideway
What is trading plan today?
1. Gap up, price sustain above trading range = BUY
2. Gap up, price backdown into the trading range = SELL trading range
2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner.
3. Channel uptrend is still holding up. Mid channel tested but not cross to the lower track.
4. Market structure: Yesterday's price played in the range. The uptrend is still valid unless the price breakdown and sustains below 4100.
5min :
1. MS : Sideway
2. EMA : Last night EMA12 crosses up EMA50
3. Price to EMA : Not respect either one of EMA = Sideway
What is trading plan today?
1. Gap up, price sustain above trading range = BUY
2. Gap up, price backdown into the trading range = SELL trading range
Note
Minor Gap up above 236 fibo level.If expect UT as below
Note
Forming reaccumulation/distribution?We noticed no demand candle
Note
Waiting for spring/UTAD for entryNote
Note
SV?
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