Although #fcpo found support from 10 MA, the short term doesn't look good, the market might wild swing in 5~50 MA for the next direction.
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I am a day trader sharing insights on futures trading. Views expressed are my own and not intended as advice.
Although #fcpo found support from 10 MA, the short term doesn't look good, the market might wild swing in 5~50 MA for the next direction.
https://www.facebook.com/DmaWorksblog/
#fcpo close in bearish engulfing, the last occurrence of this pattern causes serious damage to the trend. Buyer must prove themself by defending R1 and reclaims 5 MA else clearly shows the shift in momentum to the downside.
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