-Huge 9 year pattern -Lower boundary tested many times with out of line moves -Established medium term downtrend -50SMA is firmly below 200 SMA weekly -Daily retest of underside of horizontal boundary friday close -Measured move down to 44.37
30 basis points of risk Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short again
評論
Stop sell order @ 69.12 SL @ 71.36 Will implement trend follow strategy
交易進行
Short 69.54 @ Market SL 71.77 Trend follow model for trade management We are a day away from the month close, If we are still below 70 by close tomorrow, cannot see price meandering at those levels
評論
Happy with that monthly close
評論
Stop @ 71.43
評論
We had a strong monthly close below $70 but the price back above $70 and the bollinger bands squeezing is making me nervous