CHARTS SPEAKS EVERYTHING. The price has been hovering between level 2300 - 2450. And we have made money by just doing simple range trading using simple SUPPORT & RESISTANCE.
As you can see from the chart, the price has STOPPED dropping & going upward gradually. (LONG)
More and more central banks are cutting rates ➡ More cash injected to the market ➡ stock market starts to rebound ! (LONG)
US crude started to rebound from the low , S&P 500 VIX Contract forming higher low ➡ stock market rebounding SOON ! (LONG)
Our setup : We will enter long when the price is near the trend line. Cut half our position when it closed below trend line. CL level below 2300 level. RR >10 which is VERY GOOD.
Please like and comment if you agree!
Follow us Rule_no1: "Bulls make money, bears make money, but pigs get slaughtered !"
Happy Trading :)
Trade closed: stop reached
Check this out for our latest updates ! We have made more than 150 points here !
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.