Charlieab94
Short

US Oil Short *DAY TRADE STRATEGY*

TVC:USOIL   CFDs on WTI Crude Oil
Potential short set up on US Oil based off my simple 15minute day trading strategy.

- Price is rejecting daily pivot level for a 2nd time today.
- Price is rejecting the 200 EMA
- 50EMA is below the 200EMA.
- 15 minute lower high/double top at daily pivot level
- RSI showing overbought

Stop loss is placed above current highs.

Profit Target 1 is the daily S1 level

Profit Target 2 is the daily S2 level
Trade active
Comment: I am no risk free on this trade as it has gone over 50% of the way to profit target 1
Comment: 3 rejections of the daily pivot level. This normally a good sign that it will hold as a resistance.

Price also made a lower low on the last down leg.
Trade closed: stop reached
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