Thursday, June 4, 2020

FCPO Trading – 4nd June 2020

Previous Close
2399
Support 1
2310
Support 2
2260
Resistance 1
2445
Resistance 2
2525
Open
2374
Close
2326



From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is upward trend with a support at 2355 and 2370.
FCPO August 2020
Order Place time : 15.15
Long
2375
Cut Loss
2365
Target Price
2395
Reward to Risk Ratio
2

After price go below 2370, a long order is made at 2375 think that the price would go back up to the previous day close.

Losing Trade

The price trade around 2370 after it matched as that is a support level for the day. However the price drop dramatically around 17.15 when Malaysia tested positive patience is reported the highest day increase so far which is an unexpected event.  


No comments:

Post a Comment

FCPO Trading – 15th June 2020

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