Showcase: FCPO trade (Short to Long)
1. Did a short trade on FCPO as the signs point to downtrend.
2. Price doesn't agree to downward movement as the upbars vol. is higher.
3. We flatten the trade at 5 points cut loss.
4. We then observe the chart and price seems to be moving higher; we have entered Long and will update whether we have achieve target or exit with loss.
2. Price doesn't agree to downward movement as the upbars vol. is higher.
3. We flatten the trade at 5 points cut loss.
4. We then observe the chart and price seems to be moving higher; we have entered Long and will update whether we have achieve target or exit with loss.
Trade closed: target reached
We have achieved our target of 10pts for Long trade at 15:32pm (EP at 15:25). Thus, 5 points have covered our loss and profit of 5 points was made.
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