CBA short

-Huge 9 year pattern
-Lower boundary tested many times with out of line moves
-Established medium term downtrend
-50SMA is firmly below 200 SMA weekly
-Daily retest of underside of horizontal boundary friday close
-Measured move down to 44.37

30 basis points of risk
Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short again

노트

Stop sell order @ 69.12
SL @ 71.36
Will implement trend follow strategy

액티브 트레이드

Short 69.54 @ Market
SL 71.77
Trend follow model for trade management
We are a day away from the month close, If we are still below 70 by close tomorrow, cannot see price meandering at those levels

노트

Happy with that monthly close