The previous move looks like an impulse for short-term and what it doing now is a correction(probably expanding flat). There is also enough support for good trade support and the RR is also attractive for short-term.The profit can be trailed as there are chances for huge up move.
Note
23-03-2020 IF YOU ASSUME, THE POSITION SIZE IS BASED ON MAX RISK OF $100
SI SYMBOL OP/CL MAX RISK RR W/L P/L
1 XAUUSD CLOSED $100.00 1.6 WIN $160.00
2 BTCUSD CLOSED $100.00 2.86 WIN $286.00
3 NATGASUSD CLOSED $100.00 1.38 LOSE $-100.00
4 EURUSD CLOSED $100.00 1.9 LOSE $-100.00
5 USDJPY CLOSED $100.00 1.5 WIN $150.00
6 EURCAD OPEN $100.00 1.8 ----- --------
7 USOIL CLOSED $100.00 4 LOSE $-100.00
8 USOIL CLOSED $100.00 1.75 WIN $175.00
AVG RR=2.10 NET P/L=$471.00
Note
THOSE ARE PREVIOUS DAY TRADE IDEA... PLEASE DO CHECK IT OUT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.