OIL SHORT RIGHT NOW FOR QUICK PROFITS
OIL is breaking down from its horizontal support after an impressive 10% rally up.
I expect a decent retracement and have entered the shorts shown.
The 4h also shows it to be in a potential bear flag further supporting the argument for a pull back.
I expect a decent retracement and have entered the shorts shown.
The 4h also shows it to be in a potential bear flag further supporting the argument for a pull back.
Note
I am out of the trade as my SL hit. Looking for a re entry as I do believe it will pull back. Will update soon
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.
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.