Even though we still holding the long (see linked idea) we have come up into a cluster of resistance which has provided a shorting opportunity. Oil is very over bought on the 4H and daily charts and has moved into a rather large resistance area.
Im shorting at weekly R1 at 56.56 with stops above 58. targets at 54.66.
Im shorting at weekly R1 at 56.56 with stops above 58. targets at 54.66.
Comment:
Missed Target 1 by a few ticks. moving stops to break even now. Nice trade so far.
Comment:
Hit both targets on Oil. NICE!!!
