West Texas OilShort
Trade of the week - Crude Oil's consolidation range
Updated
Reasons of Placing the Trade:
Overbought RSI with divergence scheming a Supply Level
Volume Increase
Rejections at the same Supply Level with rotations to the nearest demand Level
Setup:
Sell
Stop Loss: 120 pips of length @57.40
Take Profit 1: 460 pips of length @51.60
Reward: 4:1
Overbought RSI with divergence scheming a Supply Level
Volume Increase
Rejections at the same Supply Level with rotations to the nearest demand Level
Setup:
Sell
Stop Loss: 120 pips of length @57.40
Take Profit 1: 460 pips of length @51.60
Reward: 4:1
Note
1:1 reward reached.Trade closed: stop reached
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