Previous
Close
|
2285
|
Support
1
|
2210
|
Support
2
|
2145
|
Resistance
1
|
2335
|
Resistance
2
|
2445
|
Open
|
2285
|
Close
|
2341
|
From the above chart, trend at 15.00 (GMT + 8), half
and hour after open of afternoon session is upward trend and trade below one
week VWAP hence buy order is make on 15.00.
FCPO
August 2020
|
Order
Place time : 15.00
|
Long
|
2300
|
Cut
Loss
|
2295
|
Target
Price
|
2320
|
Reward
to Risk Ratio
|
2
|
Trade match on 15:21. With the price around 2310 a
revised cut loss has been make on 15:35 which is a bad decision in the end and
cause a losing trade.
FCPO
August 2020
|
Revised
Order Place time : 15.25
|
Long
|
2300
|
Cut
Loss
|
2295
|
Target
Price
|
2320
|
Reward
to Risk Ratio
|
4
|
Losing Trade
A revised cut loss had been make which cause the
losing trade. The price is trade between weekly VWAP and pivot point 2324
before going up.
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