Interesting setup in SQ, not a fan of management but the technical setup is very good here. Keep an eye out for it breaking into higher highs, short term data suggests it might just go straight up on Monday, but might retrace or pause a bit for a day or two after the 1st couple hours of trading. Best of luck.
Cheers,
Ivan Labrie.
Trade closed manually
Probably ok to side step everything going into tomorrow...overnight might not be desirable until Powell and CPI data are out of the way.
Trade active
Note
72.64 target for today (intraday data) Seems like a good time to join the bigger timeframe trends, since you'd get instant momentum if it goes into a higher high today (need 1 new high every 5 days for a daily uptrend, 1 every 5 weeks for a weekly uptrend)
Note
Note
The trade has many days left to run, until the target is hit or time expires...So for now, it's a hold.
Note
Trail stop to break even, maybe scale out gradually, it's stagnating and not moving as fast as required to the upside.
Note
Trade closed manually
Close enough to targets, probably ok to just bank this.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.