PG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names;
while in terms of trading , we look for fluctuation to trade!
Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant;
If it breaks the downside, it could be the continuation trade for the 90.00 breakdown.
That's why I recognize it as a both sided trade.
1:1 1st kick and strict risk-reward stop are MUST of course!
In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there.
Let's see how it goes!
while in terms of trading , we look for fluctuation to trade!
Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant;
If it breaks the downside, it could be the continuation trade for the 90.00 breakdown.
That's why I recognize it as a both sided trade.
1:1 1st kick and strict risk-reward stop are MUST of course!
In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there.
Let's see how it goes!
Comment:
Got the 1st kick!! trail the other half of shares.
Comment:
The 2nd plan worked pretty well though! An worth noticing inside day!
