Live FCPO Trade - 26 Oct'20
- Market opened on widespread downbar on VSI with no gaps before continue its Sideway move.
- After 3:00pm, we see some activity with price breakthrough the Resistance (which was the old Support @ 2995) on VSI and also on Green Pentagon. We expect price to do a Pullback before moving up further.
- I placed my EP at 2995 and was triggered within less than 1 minute.
- After that, I set my TP @ 12pts and SL @ 6pts. As a precautionary measure, I also draw a line @ 3003 as a safety line for me to take profit should the price failed to move higher than that.
- Price shoot up the next bar and eventually hit my TP of 12pts.
- After 3:00pm, we see some activity with price breakthrough the Resistance (which was the old Support @ 2995) on VSI and also on Green Pentagon. We expect price to do a Pullback before moving up further.
- I placed my EP at 2995 and was triggered within less than 1 minute.
- After that, I set my TP @ 12pts and SL @ 6pts. As a precautionary measure, I also draw a line @ 3003 as a safety line for me to take profit should the price failed to move higher than that.
- Price shoot up the next bar and eventually hit my TP of 12pts.
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