OHI/SBRA: Potential Long Opportunity
Updated
OHI/SBRA is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
Trade active
entered OHI for Long & SBRA for Short at the beginning of the day.Hope this movement will continue...
Note
Trade is going well, I think tomorrow I will close it when it will be closer to the BBNote
I have closed the trade now with small profit (0.1%).If i have closed it 2 days ago, and not waited... I had gained 0.8% in 5 days trade...
I must say, that all indicators still positive with this trade - but the market just work different, so i prefer to not take chances and close in small profit.
At the end, in this business risk management us the most important aspect in being profitible.
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