CFDs on Brent Crude Oil

Short

BRENT - whipsaw

Updated

BRENT - whipsaw idea is on the chart

SL 55.8
TP 53.6

Trade active

position is opened, the SL was not reached, driving towards profit

Note

second close above 55.8 on 5 min chart will make my SL, so far holding my short

Note

Tight stop above today's hi (55.83 UKOIL)

Trade active

s3.amazonaws.com/tradingview/snapshots/0/05rLzDqv.png
possible scenario for a deeper correction is here

Note

there is a big possibility of an upward movement, so I am moving the SL to 55.68

Note

no close above 55.68 yet, so far holding the short

Trade active

the trade is still valid, as there was no second close above 55.68 SL

Trade closed: target reached

the trade is closed, as we have closed at or above 55.68 twice on 5m. though the idea to knock out 53.6 is till valid, or, possibly, from a different level..

Trade active

initiated the trade at 55.63... SL at 55.83

Note

Planning to fix 30% of the volume at 54.8

Trade active

closed 30% as planned. expecting to reenter at 55.1-55.2

Trade active

re-enter the 30% additional short right now at 55.40

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