Yesterday the price of
CL1!
corrected a bit. I opened a long postion but my stop loss has been hit as well, because it is likely (in my opinion) the high of tuesday will be broken I opened a new long position.
Today I take into account two scenario's:
1.) the price will move up from this support level.
2.) the price will correct a bit more and move up from this support level.
For now I just have to wait what the price will do, I will not open another position in oil.
Disclaimer: only trade based on your own deciscions.
CL1!
corrected a bit. I opened a long postion but my stop loss has been hit as well, because it is likely (in my opinion) the high of tuesday will be broken I opened a new long position. Today I take into account two scenario's:
1.) the price will move up from this support level.
2.) the price will correct a bit more and move up from this support level.
For now I just have to wait what the price will do, I will not open another position in oil.
Disclaimer: only trade based on your own deciscions.