Hi all, lets look at the Daily and Weekly Candle of FCPO (May 13 Contract).
My Analysis - SELL Bias.
reason?
1. Weekly candle end in Bull candle. However, the long shadow on upper part really made me concern
2. Friday candle (Daily) is a pin bar type of candle appeared at Resistance area.
3. Price is at MA10 (maybe going down).
I might be wrong. Take action accordingly.
Trade what you see, not what you hear ya!
Sunday, February 24, 2013
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