FCPO has been overbought & completed a bearish shark pattern in the 1 hour time frame. As the current price, which is still hovering in the PRZ (RM 2316 - RM 2230). What I've been looking is awaiting the price to break the dash support TL to go for short.
If the price do respect the projection, i shall pay attention to the 1st Target Price (RM 2096) a possibility to form a bullish harmonic pattern of 5-0.
Entry: Afte the price breaks dash support TL.
TP1 : RM 2096
TP2 : RM 1975
Stops: slightly above RM 2316
Generally in larger TF (E.g H4 & Daily), a bullish harmonic pattern formed which currently overpriced and would expect some pullback in low TF.
I'll look forward to price action reacts to the projection above.
If the price do respect the projection, i shall pay attention to the 1st Target Price (RM 2096) a possibility to form a bullish harmonic pattern of 5-0.
Entry: Afte the price breaks dash support TL.
TP1 : RM 2096
TP2 : RM 1975
Stops: slightly above RM 2316
Generally in larger TF (E.g H4 & Daily), a bullish harmonic pattern formed which currently overpriced and would expect some pullback in low TF.
I'll look forward to price action reacts to the projection above.
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