As shown in chart.
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not after to minimise risk
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not after to minimise risk
Сделка закрыта: достигнута стоп-лосс цена:
Stopped out on this one with breach of right neckline. All markets going big bull today, oil gets dragged up to. Maybe re-vist if right shoulder still forms a lower high
Сделка активна:
Lower right shoulder
Комментарий:
Close trade soon on break of neckline for nice profit
Сделка закрыта: достигнута тейк-профит цена:
Another nice trade closed on breakout as expected, hope you all profited.
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
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