Take a short posistion on USoil as price had bounced off the 50 period moving average in a major downtrend from the higher time frames.
Here is the play I will be making:
USOIL
OT = SELL STOP (PENDING ORDER)
P = 104.20 so really 105.20
SL = 105.07 so really 106.07 = 83 pips
TP = 101.97 so really 102.97 = 297 pips
Here is the play I will be making:
USOIL
OT = SELL STOP (PENDING ORDER)
P = 104.20 so really 105.20
SL = 105.07 so really 106.07 = 83 pips
TP = 101.97 so really 102.97 = 297 pips
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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.