I am attempting to short US Oil again but this time I have the added confluence of the CTL being broken and retested.
Another bearish wick rejection of the trendline and daily 50ema occurred yesterday swell. This gives me greater confidence.
I am still targeting $51 per barrel
REFER TO THE ANALYSIS IN THE RELATED LINKS
TRADE TYPE: INSTANT EXECUTION AT AROUND 126.840 LEVEL
TRADE TYPE: BUY (LONG POSITION)
STOP LOSS: 125.685
TAKE PROFIT: 128.000
RR: 1:1
SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM HERE. CHEERS
TRADE TYPE: INSTANT EXECUTION AT AROUND 125850 LEVEL
TRADE TYPE: BUY (LONG POSITION)
STOP LOSS: 123.875
TAKE PROFIT: 128.000
PRICE HAS ALREADY CLOSED ABOVE THE DYNAMIC RESISTANCE OF DAILY 50 EMA GIVING ME ENOUGH CONFIRMATION TO GO LONG ON THIS TRADE. Furthermore The EUR is likely to appreciate soon against the USD because of incoming USD weakness. The price is...
