I took this long while i was out of my house (look at previous idea on my page to see evidence and timestamp for the long entry) Unfortunately my idea wouldnt publish on my phone.
Long was taken as a reverse postion to my prior short trades that i closed at break even and a small loss.
Long is also explained within those ideas, But heres a quick breakdown.
After multiple fast rallies to the top side, re testing todays and yesterdays highs i was wanting to see price hold and drop from these levels as a last ditch effort from longs. However if price broke above and held above them levels it would signal to me that longs are in a more valuable spot than short traders as they hold more value holding their postions rather than closing them.
Alot of the time, other traders see this and close their shorts agreeing with potential value to short at higher prices. If prices were to of dropped low again, There would be a higher value change in a long than a short.
Shortly after the long postions were taken, we saw a large push to the top side as i predicted would happen if price held above (which it did)
Im now expecting this long postion to hold for a few days and i will trail and update as price continues to rise.
Long was taken as a reverse postion to my prior short trades that i closed at break even and a small loss.
Long is also explained within those ideas, But heres a quick breakdown.
After multiple fast rallies to the top side, re testing todays and yesterdays highs i was wanting to see price hold and drop from these levels as a last ditch effort from longs. However if price broke above and held above them levels it would signal to me that longs are in a more valuable spot than short traders as they hold more value holding their postions rather than closing them.
Alot of the time, other traders see this and close their shorts agreeing with potential value to short at higher prices. If prices were to of dropped low again, There would be a higher value change in a long than a short.
Shortly after the long postions were taken, we saw a large push to the top side as i predicted would happen if price held above (which it did)
Im now expecting this long postion to hold for a few days and i will trail and update as price continues to rise.
Trade active:
Stop loss now at 18370, Any area below there that is broken will have to hold below for me to close this trade. Will update as it continues.
IF price does break and hold below that price level, i will be reversing the postion.
IF price does break and hold below that price level, i will be reversing the postion.
Trade closed: target reached:
Closed at TP level. Got lucky as the low sat exactly at my TP, so even while trailing it closed out at TP. +1.92%
Comment:
correction +1.59% / not 1.92%