Intra-sector Energy Trade here Canada Index Trading on a low relative to XLE US Energy Oil and Gas. There is a strong Reversal potential here
Bullish Pennant formed after a steady bull run. I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue. - Target Entry: $36.83 - Target Stop Loss: $36.50 - Target Exit: $39.00 - Risk / Reward Ratio: 6.58 About me - Note that I tend to adjust stop losses in order to...
Either a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues