The bearish trend is still dominant and we have had a clear downward trend. There has been some consolidation since last Friday and a bounce may be due soon.
Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session.
Considering $79.50 as the profit target, with a stop-loss at $77.50.
CL1!
Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session.
Considering $79.50 as the profit target, with a stop-loss at $77.50.
CL1!
Comment:
No trade entered yet as the initial move since this idea is in the opposite direction. Will wait further for trend reversal to buy.
Trade active:
Went long at 77.10.
Trade active:
Moved stop loss to 78.30 that should protect $1.20 of the profit. Take profit target still at 79.50
Trade closed manually:
Closed at 78.90. $1.80 locked as profit. It is time to stand aside now until tomorrow.
Trade closed: target reached