BRENT - whipsaw

BRENT - whipsaw idea is on the chart

SL 55.8
TP 53.6

Handel aktiv:

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

Kommentera:

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

Kommentera:

Tight stop above today's hi (55.83 UKOIL)

Handel aktiv:

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

Kommentera:

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

Kommentera:

no close above 55.68 yet, so far holding the short

Handel aktiv:

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

Trade stängt: målet nått:

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..

Handel aktiv:

initiated the trade at 55.63... SL at 55.83

Kommentera:

Planning to fix 30% of the volume at 54.8

Handel aktiv:

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

Handel aktiv:

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