Hello guys, just to show the whole record for this month, UKOIL Long closed today, for a net profit of 2.03%
A simple break & retest setup with 5 confluence factors putting it into the b category with a strike rate of round about 50%. The target was set below the next horizontal resistance level, due to potential bearish MACD divergence. I also took a loss on this pair on the 04.04.18, the day the lowtest appeared, cause I didn't really have any recent price action at that time to protect my stop with. After the lowtest formed it was obvious that there was some buying power at this level, thus I protected my stop below said lowtest.
Keep an eye out for further trades, I'll post every trade I am entering.
Have a good one
A simple break & retest setup with 5 confluence factors putting it into the b category with a strike rate of round about 50%. The target was set below the next horizontal resistance level, due to potential bearish MACD divergence. I also took a loss on this pair on the 04.04.18, the day the lowtest appeared, cause I didn't really have any recent price action at that time to protect my stop with. After the lowtest formed it was obvious that there was some buying power at this level, thus I protected my stop below said lowtest.
Keep an eye out for further trades, I'll post every trade I am entering.
Have a good one