This trade location is approaching again and it again could be a great trade. However i am liking the opposite trade more now due to the rising prices in oil. So the short could be a nice fast scalp but the trade I will focus on, as long as oil is seeking higher values, is a long of the bottom of this upper range.
Note
the same trade repeating itselfNote
we will be a few days before this trigger happens now, so just waiting and watching. Remember I did say in original post the long side from a drop would be goodNote
we now have the trigger for the second trade in this thread, good luck, 2.39 is my entry priceNote
up $140 per pair so closing half, a bit over 20% ROCNote
this trade is now reduced down to 1 contract, and closed this last group with $190 each, now remember the trade only took $680 of capital to trade so a 28% return in about a weekTrade active
This trade, what is left of it is doing very well and could be closed at anytime. I however will keep holding and now and again update the progress.
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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.