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Hypothetical on Current Conditions in 6A


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Hypothetical on Current Conditions in 6A

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 afoxperson 
New York, New York / United States
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Let's just say you are short on 6A right now with an open position around 17 ticks in profit. Would you close at current support level or look for a further profit target?

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  #3 (permalink)
 afoxperson 
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UPDATE: Make that about 30 ticks. Do you stay in the trend?

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leo2
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afoxperson View Post
Let's just say you are short on 6A right now with an open position around 17 ticks in profit. Would you close at current support level or look for a further profit target?



That depends on what time frame you're trading on!
The price has made a double top recently and the decline to the current level of support is steeper than the previous drop to this level, if price gets past this support level it will be a strong momentum move all the way down... best scenario... if I were you .. I would take profits now and Re-enter once this support level is crossed. To the downside.

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Last Updated on September 28, 2017


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