The Previous Oil Short Idea Stopped at 50.20 And now the price is 51.66, if there is no Stop loss to protect our account we may suffer more.
Right now I am waiting oil to touch the 51.83-52.00 zone and looking for a short. Use multiple time frame for a confirmation entry. i.e. go to 5 min /15 min chart to check the price action. if there is a bearish pin bar or bearish engulfing candle. that will be ideal.
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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.