Wednesday, October 9, 2019

FCPO Breakout - Potential Move Higher After Tracement

FCPO 30 Minutes Candle Stick Chart
FCPO Dec Contract Gap up at the open this morning indicating the potential bullish momentum ahead.
Suggestion : We could wait for the retracement to enter long position; 50% or 61.8% Fibonacci Retracement will be a good price to long.And of course, the Stop Loss must be place at the most recent low or your choice of the low.