Crude Oil Short
After seeing the first drop at 60.25, oil has been declining ever since.
And a bearish flag pattern is seen on the 1 hour.
I see this as a CP (Continuation Pattern)
To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls,
Within that blue zone, price will form supply once more and freefall.
This is a high probability, low risk trade forming.
Easy 6R trade!
Until next time beloved!
After seeing the first drop at 60.25, oil has been declining ever since.
And a bearish flag pattern is seen on the 1 hour.
I see this as a CP (Continuation Pattern)
To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls,
Within that blue zone, price will form supply once more and freefall.
This is a high probability, low risk trade forming.
Easy 6R trade!
Until next time beloved!
Operación cerrada: precio stop alcanzado
Our stop was hit, we will revisit this pair next week!Nota
We are now ready to give this sell another try, will post new idea next week.Enjoy your weekend!
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.