Wednesday, May 27, 2020

FCPO Trading – 27th May 2020

Previous Close
2167
Support 1
2133
Support 2
2095
Resistance 1
2210
Resistance 2
2265
Open
2210
Close
2281



From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is upward trend. Order today at 15.00

FCPO August 2020
Order Place time : 15.00
Long
2230
Cut Loss
2220
Target Price
2260
Reward to Risk Ratio
3

No trade is done.

The order was made because it is upward trend and target price is 5 point below the second resistance. Expecting the price to go down to near afternoon open price then go back up to the second resistance, however the lowest price after 15.00 is about 2243, 13 point away from the order price.

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FCPO Trading – 15th June 2020

Previous Close 2371 Support 1 2315 Support 2 2240 Resistance 1 ...