Commodity trade.. we saw a retreat from 27 and the bullish hammer on the weekly will probably get us back with the stronger overall trend. Again a buy stop to just make sure I am in when I am suppose to be with that thrust. The weekly kijun acting as support adds confluence.
Entry: 24.95
SL : 23.90 (just below the weekly kijun)
TP1 : 26.00
TP2 : 27.96
R : 2.8
Position sizing is critical especially because of the high correlation of these commo-trades so to reduce risk small sizes needed.
Entry: 24.95
SL : 23.90 (just below the weekly kijun)
TP1 : 26.00
TP2 : 27.96
R : 2.8
Position sizing is critical especially because of the high correlation of these commo-trades so to reduce risk small sizes needed.
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Related publications
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.