I understand there is a lot of talk around getting into USOIL/WTI buys. However, looking at the bigger picture is important.
As you can see on my below chart, the daily structure suggests taking a short on this commodity.
I also like this current consolidation that is making higher highs on the 15 minute chart, as it tells me that my daily structure will be followed.
A move higher to my 15 minutes chart is possible but I will remain bearish on this pair until my daily structure has a clean break.
Trade safe and good luck!
As you can see on my below chart, the daily structure suggests taking a short on this commodity.
I also like this current consolidation that is making higher highs on the 15 minute chart, as it tells me that my daily structure will be followed.
A move higher to my 15 minutes chart is possible but I will remain bearish on this pair until my daily structure has a clean break.
Trade safe and good luck!
Comment:
Trade still active as my daily structure is still valid.
Trade closed: target reached