Last week, Gasoline futures setup for a counter trend trade. Since the trade was counter trend, we wanted to keep risk low so we setup a pull back trade instead of a breakout trade.
The current chart is shown below. Entry was 2.8239, initial stop of 2.7966, and a preserve mode value of 2.8801. The min. reward was .0562 with a max risk of 0.0273.
The trade was exited at 2.8718.
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