Oil - Crude (WTI)Short
Oil Short Setup
OIL Short Setup
🔵 Entry Level: $82.95
🟢 Take Profit: $79.49 (2.22)
⛔ Stop Loss: $84.51
Reasoning:
1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point.
2) I am also expecting a divergence to form somewhere around the entry level.
3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.
🔵 Entry Level: $82.95
🟢 Take Profit: $79.49 (2.22)
⛔ Stop Loss: $84.51
Reasoning:
1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point.
2) I am also expecting a divergence to form somewhere around the entry level.
3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.
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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.