NYNick

BRENT - whipsaw

Short
NYNick Updated   
TVC:UKOIL   CFDs on Brent Crude Oil
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
Comment:
second close above 55.8 on 5 min chart will make my SL, so far holding my short
Comment:
Tight stop above today's hi (55.83 UKOIL)
Trade active:
s3.amazonaws.com/tra...shots/0/05rLzDqv.png
possible scenario for a deeper correction is here
Comment:
there is a big possibility of an upward movement, so I am moving the SL to 55.68
Comment:
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
Comment:
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
Disclaimer

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.