FXKing009

USOIL - Short SELL

Short
TVC:USOIL   CFDs on WTI Crude Oil
Divergence has been spotted on lower TF and price is retracing on fib - the price will fall near to previous weeks lows and then shoot up in price

Comments

I'm eyeing a potential breakdown south down from the price movement pattern I have observed on a 15 minutes timeframe. Price now: 18.35 June Contract.
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FXKing009 chrisjfx
@chrisjfx, its going to go back down to at least 10.54 - then shoot for the stars again
+1 Reply
FXKing009 chrisjfx
@chrisjfx, price is being rejected.. its gonna drop :D
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Expecting a gap down?
Reply
FXKing009 chrisjfx
@chrisjfx, not 100% on a gap down but im waiting for price to break 17.79 before i enter the sell - should drop nicely before retracing
+1 Reply
chrisjfx FXKing009
@FXKing009, Sounds reasonable thanks, Best of luck!
Reply
FXKing009 bro im going with the sell with the price of 19.74 what you suggest shall i close the trade or keep it
Reply
FXKing009 4a52edbf925e488aaffd48fbb5f1c8
@4a52edbf925e488aaffd48fbb5f1c8, definately hold it, TP 10.54
Reply
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