masterthemarkets2010

Is Brent going to hit its daily target - Stretch principle

Long
EASYMARKETS:BRTUSD   Brent Oil (BRT) / US Dollar
This trade we are looking at on Brent oil is based on the stretch principle. We have entered on the close of the confirmation bar(the one with the dot) according to our smart money framework indicator and our trend alignment with the the higher timeframes.

E - 1.2643
SL - 1.2547
T - To be confirmed(TBC)

So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.

To understand our ideas and videos better,we highly recommend watching our following stream videos:

1. 7 steps to achieve consistent trading performance
www.tradingview.com/streams/CYoTRc9HCd
2.7 steps for strategy construction
www.tradingview.com/streams/uVszSV1Eyv
3.Stretch principle videos
Refer to related ideas links as below
Trade active:
Trailing stop to 85.77.
Trade closed: target reached:
Target hit at 86.36. Big seller bar after target was hit.

Previous trade details were copied over by mistake.
The right order details should have been:

E - 85.48
SL - 85.05
T - 86.36

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