Mamou-Q

Crude Oil: Easy Swing Trade

Short
Mamou-Q Updated   
OANDA:WTICOUSD   West Texas Oil
The reversal of crude oil happened after breaking the weekly channel couple of weeks ago as anticipated in my previous post (See link), a nice short trade was initiated. Was really one good trade. Oil was ever good to us, providing another setup to go short again.

Wait for a rejection around the upper line of the symmetrical triangle.

trade safe & Good luck!
Comment:
So far so good.
PS: this analysis fails if Oil breaks above 68.
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