Potential Head & Shoulders pattern on the daily.
I have 3 tiered positions:
22% at $8,411
33% at $8,311
45% at $8,211
My play is off $8,200 resistance and if the theory is invalid, my stop is right below that level. The range is too wide and my bias is that we will not able to break through 10,500. We're probably going to set a lower high, and potentially roll over.
But in the mean time, there is a nice R/R play.
Exit is layered $9,000-9,100.
Happy trading and be protective!
I have 3 tiered positions:
22% at $8,411
33% at $8,311
45% at $8,211
My play is off $8,200 resistance and if the theory is invalid, my stop is right below that level. The range is too wide and my bias is that we will not able to break through 10,500. We're probably going to set a lower high, and potentially roll over.
But in the mean time, there is a nice R/R play.
Exit is layered $9,000-9,100.
Happy trading and be protective!
Trade closed: target reached:
Target reached :)
Want to try our Lucron Trend Accelerator v.4?
Get a 7-day free trial!
Get a 7-day free trial!