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Sascha_Gogolin

US/OIL - Breakdown of corrective structure and pre-breakout

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
Sascha_Gogolin  
TVC:USOIL   CFDs on WTI Crude Oil
price-action Support and Resistance breakout pre-breakout short selling correctivestructure breakdown breakouttrading
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price-action supportandresistance breakout pre-breakout short selling correctivestructure breakdown breakouttrading
We are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.

Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.
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