We dont really post trade ideas as we are day traders and most of our trades are pretty quick, but since we have a little extra time right now we are sharing this WTI short.
We believe there are good to great indications that WTI could achieve a small reversal in its up trend and move closer to the 10 day EMA (purple)
We are in a strong uptrend, but we have formed a lower high and we do have a potential H&S setup here, so the odds of a short sell move have increased.
In anycase, the SL is always there to stop us :D
We believe there are good to great indications that WTI could achieve a small reversal in its up trend and move closer to the 10 day EMA (purple)
We are in a strong uptrend, but we have formed a lower high and we do have a potential H&S setup here, so the odds of a short sell move have increased.
In anycase, the SL is always there to stop us :D
Note
B-E-A-UTIFUL!Trade closed manually
Took profit, went long.
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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.
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.