Does China aviation looks like its going to fly?? Now now, let’s not get too excited. Let’s look at the chart and see and plan for our trade.
Chain Aviation oil or CAO for short seen an increased in volume today after a few week of low volume. It is also currently testing the downtrend line which we drew for the third time. We might consider entering once it breaks above 1.44 with a stop loss of either 1.43 (very tight stop loss) or 1.385 or even when it breaks below the uptrend line of around 1.37. Of course then our position sizing would be different too. So remember to plan for your trade like how we do so that you won’t get a rude shock at the end of the day.
Cliche as it might sound, if you fail to plan you plan to fail.