Brent Crude has been moving lower since 09/04. It reached a low at 17.27 on 22/04 then retraced up to its SR zone at 22.75-23.41.
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| BCOUSD 4-Hour Chart |
I entered short at 22.053 on 23/04 with a SL at 23.55 and TP at 17.70
It did move lower but very sluggish. On 27/04 I decided to move my stop lower to 21.40 in order to protect my opened profit. This locked my profit to 0.43R.
Good that I did. I was stopped out at 21.401 on 29/04 before BCOUSD move further higher. I would have incurred losses if I had not moved my stop lower.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
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