This one is working out just fine. Entry level short taken at 8.548 level, and i was looking to scale further in on a pull back to the 8.60 / 8.65 area, but just picked up and dropped with the price of oil. If only all your trades could go like that!
Now looking at a possible retrace back to the Blue Dash Line = previous support, where I plan to open a further short position. Target remains the same at the green area at 8.03 - 8.0 level. Stop maintained at 8.7, which I plan to move to the 8.62 level on Monday close.
Now looking at a possible retrace back to the Blue Dash Line = previous support, where I plan to open a further short position. Target remains the same at the green area at 8.03 - 8.0 level. Stop maintained at 8.7, which I plan to move to the 8.62 level on Monday close.
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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.