The price of FCPO may having some adjustment after it climbed above 3000 from 2764. Once again, the price entered multi years supply zone which has been tested 4 times since late Dec 2016.
Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time frame. A potential reversal pattern before completing a bigger pattern.
A potential trade opportunity if the price action tested & rejects from area of 3133 & fall back into the potential entry zone (small blue box) with a potential target price of 2970 & 2891.
Signing out.
Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time frame. A potential reversal pattern before completing a bigger pattern.
A potential trade opportunity if the price action tested & rejects from area of 3133 & fall back into the potential entry zone (small blue box) with a potential target price of 2970 & 2891.
Signing out.
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