Today's trading plan is about US Oil and again we are observing both way scenario. Hopefully soon we are going to be able to implement one of the plans and open a trade with high potential of profit. You can check trade full fundamental and technical analyses in YouTube.
Trade closed: target reached
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TAKE PROFIT Security: Oil Side: Short Entry: 69.80 SL: 72.73 TP: 67.00 Time frame: 1D – daily Trading View link:
*We are closing 70% of the position at 67.00 and moving the stop loss on break-even. This trade brings us very nice profit and we will continue monitoring it if the rest 30% floating manages to bring us some more additional profit. Enjoy your profit*
Results from this trade: +280 pips profit
Trade closed: target reached
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LIVE SIGNAL - PROFIT TAKING: Security: Oil Side: Short Entry: 69.80 SL: break-even TP: Main Target at 64.00 reached Time frame: Daily
*A strong selling pressure appears which pushed the Oil price to our main target. We are closing the remaining 30% of the position here. 100% of the position is closed. Enjoy your profit*
It is all about how effectively this Higher Low on 1D can support. We are bullish with first TP = 73.45:
DMTradingBG
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@InvestingScope, Yes, we agree. That’s why we entered below the support which was the confirmation that the drop will continue. For now it reaches our first target and we are looking for further development of the trade with the remaining floating exposure.