Indicators signalling short.
Being cautious of the ECB speech coming up on Friday.
Based on what she says can send price into a frenzy. I will keep this updated and show the progress.
I have entered this trade a couple of minutes ago.
7 July 2021
Do take note that I believe the market has been ranging for the IN50.
But as my indicators show it is a long opportunity.
Based on this information, managing the trade is a priority as it would be for any other trade.
If you look back, in July I took a small loss. I should be in this trade a couple of minutes before market close, as time differences will close...
Thought I might share this as well, last week, I entered this trade at the close of the market on the 24th of June. Of course with my regular principal, setting my TP and SL at x1.25 the ATR. Price moved and hit my first TP. After the Non-farms, OPEC and FOMC prices have continued moving upward. So I can expect at least a 2R 2.5R on this trade. Will keep it...
Trend trading the constant rallying in West Texas oil, indicators showing a long opportunity with the S/L and T/P based on x1.25 the 14-day ATR. If oil reaches 77 per barrel, this may be the first time in years that it has reached such a level.
Fundamentals to consider:
- Economies are opening back up, therefore driving demand for oil, up, due to the low...
