Saturday, January 23, 2016

Picture #1 is TF Daily of FCPO.

1st signal of 2016 appeared at 2467 (Mac Contract)
The position was cleared at 2411 at the end of trading session 15/1/2016

No new position taken since that (using daily chart).
Latest EOD of 22/1/2016, The chart shows some interesting setup that is inverted head and shoulder pattern on tf30 chart.

On bigger picture, it does show Inside Bar pattern with the candle closing above midpoint of mother candle + moving average shows positive slope. Volume traded also increased.

The guess is on upper side for now. Trade the trend until it bends.


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