Crude Oil Short Opportunity
Updated
I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success.
Now we get the chance to do it again "Sam" §8-)
This current test of the L-MLH of the white Fork was brutal.
The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious.
As for a Stop, I think it needs top be at least above P2.
This gives us a Risk to Reward > 3, if price can tank down to P3, at the L-MLH of the red Pitchfork.
As always, play it small in these vertical markets. Don't try to be a Hero. Just protect your Capital.
All the best Tr8dingN3rds §8-)
Now we get the chance to do it again "Sam" §8-)
This current test of the L-MLH of the white Fork was brutal.
The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious.
As for a Stop, I think it needs top be at least above P2.
This gives us a Risk to Reward > 3, if price can tank down to P3, at the L-MLH of the red Pitchfork.
As always, play it small in these vertical markets. Don't try to be a Hero. Just protect your Capital.
All the best Tr8dingN3rds §8-)
Trade closed: stop reached
At least it was a quick death §8-)The overnight squeeze got me.
On to the ntext.
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