-11 Week Ascending triangle
-Measured move of prior 2+ years H&S yet to be met
-Well defined boundaries and in line with prevailing trend
80 basis points planned on breakout of Ascending triangle
-Measured move of prior 2+ years H&S yet to be met
-Well defined boundaries and in line with prevailing trend
80 basis points planned on breakout of Ascending triangle
Trade active:
Long 1 May contract
Short 945 CFD contracts as a hedge
Effective position, Long 80 basis points
Short 945 CFD contracts as a hedge
Effective position, Long 80 basis points
Comment:
Stop moved to 65.91 & shaved 55 barrels off hedge
Trade closed: stop reached:
was stopped out on the dip