Hi Folks:
Time for a pause. Going long with a small position for fun after having locked in nice profits. Never is a good a idea to try to catch a falling knife but at this level it is worth to give it a try.
We are approaching areas of important support but fundamentals crashed today and two days ago with SPR release.
Next week OPEC+ meeting will send prices higher with further cuts....
Cheers
AT YOUR OWN RISK
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Time for a pause. Going long with a small position for fun after having locked in nice profits. Never is a good a idea to try to catch a falling knife but at this level it is worth to give it a try.
We are approaching areas of important support but fundamentals crashed today and two days ago with SPR release.
Next week OPEC+ meeting will send prices higher with further cuts....
Cheers
AT YOUR OWN RISK
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Dagangan aktif
Dagangan ditutup: hentian tercapai
Closed the position with a small loss because it was a brutal drop! Overall it was a great day and interesting idea worth to try. It was panic selling but I do not think it should be that heavy. Big fellas locked in profits after a stunning rally below zero :)Nota
That's why using a SL on cyclical instruments is a waste of money. I use instead a hedging because price always comes back and forth and you will have chances to exit any of your stuck positions. This time I used SL so I locked in some losses and price would be now back to profit...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.