US30 BEARISH
Not looking for price to break this level here, with my .01 position open my SL is at the top and would roughly cost me $250. A win to TP would be $500
On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of the election where price gapped up which should allow for better selling opportunities. Fundamentally speaking I don't see why price opened up and not down, but that's ok. I am expecting Trump to tweet something which will begin to drop price.
For me risk management is key here. I am only dropping .01 lots as my goal is to swing. One lot open, and I will watch how the market moves before opening up another trade. Maybe I get in at a high price, which lowers my risk, or I wait for confirmation that price is indeed bearish. One or the other will happen.
This is the only US anything I will be trading moving forward.
On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of the election where price gapped up which should allow for better selling opportunities. Fundamentally speaking I don't see why price opened up and not down, but that's ok. I am expecting Trump to tweet something which will begin to drop price.
For me risk management is key here. I am only dropping .01 lots as my goal is to swing. One lot open, and I will watch how the market moves before opening up another trade. Maybe I get in at a high price, which lowers my risk, or I wait for confirmation that price is indeed bearish. One or the other will happen.
This is the only US anything I will be trading moving forward.
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.