Trading Signal Short Position (EP) : 63.05 Stop Loss (SL) : 63.75 Take Profit (TP) : 62.00
Description CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75)
Position Sizing 1 Tick value = +-$1000 Commission fee = -30/contract EP to SL = 0.70 Tick value = -700/contract Contract size to open = 1 contracts EP to TP = 1.05 tick value = +$1,050
Expected Result Loss = -$730 Gain = +$1,020 Risk/Reward Ratio = 1.38