Tadawul: 2030 Al Masafi Long Position

28 มิ.ย. 2022

Background
2030 in bearish market since 18th of Jan 2022 (156 d) with a loss of 46.99% (69.98)

Current Situation
The recent oil price hike observed a series of trend reversal candle stick patterns consisting of Morning Star, and Tweezer Bottom Pattern in succession during the past 8 days (since 20th June 2022)

Trading Strategy

• Entry Point = 92.10
  
• Stop Loss = 88.70 (30 points less than Low of 1st candle of bottom tweezer t avoid stop loss hunting)
  
• 1st Target or T/P = 95.5
  
• Portfolio Size = 1000
  
• Risk = 2%
  
• Risk/Reward Ratio (R/RR) = 1.0
  
• Qty = 5
  
• Total Investment in Trade = 460.5
  
• Maximum Possible Loss @ Stop Loss = 460.5 - 443.5 = 17