FCPO Trading – 15th June 2020

Previous Close	2371
Support 1	2315
Support 2	2240
Resistance 1	2422
Resistance 2	2500
Open	2371
Close	2329

FCPO August 2020	Order Place time : 14:45
Long	2330
Cut Loss	2320
Target Price	2350
Reward to Risk Ratio	2

Losing Trade

At 14:45 WVAP is RM 2350 and price is at RM 2320 hence long order is made at RM 2330 expecting the price to rebound back to VWAP.

However the order does not revised after the order is make and the VWAP had drop since. At 16:30 when the price hit the VWAP had drop to RM 2330 which is the order price.

Leasson learnt from this trade always monitor the VWAP price and VWAP price is more volatile on Monday. Try not to trade on money unless necessary.

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