BitterSweetMarkets
Short

After the DB breakout BBG is at another critical level.

NYSE:BBG   BILL BARRETT CORP
35 4 1
BBG             is at a critical level (area),having broke out of its Double Bottom pattern, it's having its first stab at 7.60 Resistance (area) since mid July 2015, This level provided good support in December 2014, and again in June 2015. News surrounding this stock is positive atm, and the sentiment is Bullish . It's a tad risky going Short and so my stop is at 8.33. TP is at 6.38 (23% Fib Retrace).
Closed Short position at 6.90 yielding 78 pips, didn't want to hold over the weekend. Could be volatile on Monday (opec)...
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Seems like a blind short. Wait for bearish candle , atleast. , open up the weekly you'll see still a ways Togo. Good luck!
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Thanks for your comment, TBH this is a trade i'm doing to make up the numbers, i'm basically just selling off resistance, scalp trade. Candles patterns have a high failure rate, don't usually follow them, but your probably right, it'll probably take my stop out within seconds...lol.
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Closed Short position at 6.90 yielding 78 pips, didn't want to hold over the weekend. Could be volatile on Monday (opec)...
Reply
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