Charlieab94
Short

US Oil - Intraday Short *Trendline & Liquidity Zone Trade*

OANDA:WTICOUSD   West Texas Oil
I still have a bearish bias on US Oil with price failing to break higher than its current level for the past few weeks.

Last Friday we saw heavy bearish momentum create new 4hr lows before sharply reversing in the afternoon/evening of the UK GMT timezones.

Price is now retesting a longer term broken trendline and is back in my liquidity zone marked on by the shaded area. As you can see, price has retested and dropped from this area multiple times.
Trade active
Trade closed: stop reached: Unfortunately you can not win them all. Price broke back through the trendline it was retesting.
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out