I have shorted WTI Oil again this morning. My last trade direction was correct but unfortunately i was stopped out by 1 point(spread) before reaching target(Typical trader life).
I went short on the breakout and retest of 96.00 short term resistance. Trade levels on chart.
I think the reasoning is the same from my previous post. a new structure of lower highs and lower lows. And this time we have an additional break below the 50-day SMA. Unless there are negative news from iran/u.s. we could see another leg lower.
These are my personal conclusions and trades.
Thank you for reading.
I went short on the breakout and retest of 96.00 short term resistance. Trade levels on chart.
I think the reasoning is the same from my previous post. a new structure of lower highs and lower lows. And this time we have an additional break below the 50-day SMA. Unless there are negative news from iran/u.s. we could see another leg lower.
These are my personal conclusions and trades.
Thank you for reading.
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