1) Placed a Long position @ 3668. Reason being price rebound from Support on upbar with high vol. 2) Price hit Entry before doing a Pullback. 3) Exited with 6pts (3674) as unsure about price direction.
Did a Short Trade at few points below the Support line (Entry @ 3657). Price did not go down further and instead bounce from Support. Hit SL.
- We went Long following the US Soybean Oil price movement. - Place our Buy Stop @ 3440 with TP @ 3450 (10pts) and SL @ 3434 (6pts). - Hit TP within less than 6 mins when our Entry triggered.
- Market opened gap down and close on upbar with VSI. - Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing. - Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session). - Price broke this line with high volume;...
- Market opened on widespread downbar on VSI with no gaps before continue its Sideway move. - After 3:00pm, we see some activity with price breakthrough the Resistance (which was the old Support @ 2995) on VSI and also on Green Pentagon. We expect price to do a Pullback before moving up further. - I placed my EP at 2995 and was triggered within less than 1...