MCL Short 11/6/2024
Updated
MCL is in an uptrend. But price made a LH DT. CL inventories report is bearish with high supply. Placed a short position in HV SZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and gap fill.
Trade closed manually
Closed my trade before Fed Funds rate report release. Beautiful trade. It gave more than 4:1.
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