krugman25

USO / OIL / CL - Inside Bar / Pin Bar Fake Out

Edukasi
krugman25 Diupdate   
NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
A second fake out has occurred from an inside bar setup that has been forming for a number of days. The inside bar is sitting on top of support with the first and second pin bar having formed a false breakout of the mother bar and support level before pulling back in. Price has been carving out HH and HL for the past few months. There is a mini flag pattern forming as well. The price target is between 60-61.
Trading ditutup: target tercapai:
50% of this trade has been closed as my first TP level was reached overnight. Profit is about 1.1x the original SL level.

SL is being moved to around 57.60 for a guaranteed profitable trade even if stopped out, with final TP level between 60 and 61.
Trading ditutup secara manual:
Closed the last 50% at $58.90 due to bearish price action that had formed intra day, in addition to bearish price action in SPY (which it has a decent correlation to right now). I will normally let a trade run and either hit TP levels or stop loss, but if I see convincing price action that is counter to my trade, I may close manually, as I did here.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.