I also think about the expectations for crude oil for brent oil .
The average analyst forecast for Brent oil in 2019 is $ 70.
My personal opinion is that brent oil should be between $ 60- $ 65 under the current conditions.
This week's news feed could give us the jump we expected and this band's bottom may be upper than 60 dollars.
Since our time frame is small, this trade involves a lot of risks.
To mitigate these risks, I recommend:
RISK/REWARD RATIO : 1/3
POSITION SIZE : %1
STOPLOSS : 62.870
GOAL : 65.897
NOTE : A question came to me: Is the position still the same even if the bigger timeframes ?
My opinion is that the position size in each time period smaller than the weekly time period should be 1%.
The average analyst forecast for Brent oil in 2019 is $ 70.
My personal opinion is that brent oil should be between $ 60- $ 65 under the current conditions.
This week's news feed could give us the jump we expected and this band's bottom may be upper than 60 dollars.
Since our time frame is small, this trade involves a lot of risks.
To mitigate these risks, I recommend:
RISK/REWARD RATIO : 1/3
POSITION SIZE : %1
STOPLOSS : 62.870
GOAL : 65.897
NOTE : A question came to me: Is the position still the same even if the bigger timeframes ?
My opinion is that the position size in each time period smaller than the weekly time period should be 1%.
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We ll return this parity don't worry , i always love cold meals !
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