CL Double top on 4hrly Timeframe?
Updated
Looks like we might get a short trade here. CL rejected in the sell zone this morning and can form a double top pattern here. I would still wait for the current 4hr candle to close below $75.83 to go short
Entry - 75.83 (I would wait for the current candle to close below this level in 4 hr timeframe)
Stoploss - 76.4 ( I would like to see a close above this level on 4 hr timeframe if the trade is executed)
First target - 74
Final Target - 72.5
Please share your views. Thank you!
Entry - 75.83 (I would wait for the current candle to close below this level in 4 hr timeframe)
Stoploss - 76.4 ( I would like to see a close above this level on 4 hr timeframe if the trade is executed)
First target - 74
Final Target - 72.5
Please share your views. Thank you!
Trade active
Looks like we got a 4 hr close below 75.83. We enter short hereEntry - 75.22
Stoploss - 76.4 ( I would like to see a close above this level on 4 hr timeframe)
First target - 74
Final Target - 72.5
Trade closed: stop reached
Our Stop loss was reached and hence our trade was closed.
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