WTI and BRENT are taking heavy hits for some time now with the price dropping strongly on both mainly due to the Coronavirus, but more recently (Friday) due to the OPEC members not being ready to cut production.
We expect based on basic technical analysis that price should be moving south, our TP and SL can be seen on the daily chart (on the right) while our trading tactic is done on the 4H and 1H ( 1H not seen in the image )
We will look to compound this sell trade at breaks and retests of key trading levels, such as supports which turn resistances or retests of the 13 EMA on 4H.
A video follow up will come as a "related post" to this one explaining more details if you wish to see it make sure you give us a follow.
We expect based on basic technical analysis that price should be moving south, our TP and SL can be seen on the daily chart (on the right) while our trading tactic is done on the 4H and 1H ( 1H not seen in the image )
We will look to compound this sell trade at breaks and retests of key trading levels, such as supports which turn resistances or retests of the 13 EMA on 4H.
A video follow up will come as a "related post" to this one explaining more details if you wish to see it make sure you give us a follow.