Hello, this trade is based on previous idea:
- Price is reacting to the zone and extreme divergence is "in".
- According to EW price possible completed a 5-wave sequence.
- spike is showing rejection
On fridays many traders usually take profits and leave the market, we must take advantage of that (think different!!)
If nothing dramatical happens with oil this could be a nice chance to make some extra pips.
Best regards.
- Price is reacting to the zone and extreme divergence is "in".
- According to EW price possible completed a 5-wave sequence.
- spike is showing rejection
On fridays many traders usually take profits and leave the market, we must take advantage of that (think different!!)
If nothing dramatical happens with oil this could be a nice chance to make some extra pips.
Best regards.
Comment:
First target hit, moving SL to BE
Comment:
Second target hit. For last target i recommend using your prefered trailing stop management.