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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.