Oil - Crude (WTI)Short
Oil Short Setup
OIL Short Setup
🔵 Entry Level: $84.72
🟢 Take Profit: $80.03 (3.58R)
⛔ Stop Loss: $86.03
Reasons:
- I'm expecting the price to bounce off the first level (marked for a long position) and continue trending up until it reaches the upper trendline again.
- So far the price has been respecting this ascending channel
- I am not taking the long position, but I've marked it so that I have more confidence in my short if the price does behave in the above-described way
🔵 Entry Level: $84.72
🟢 Take Profit: $80.03 (3.58R)
⛔ Stop Loss: $86.03
Reasons:
- I'm expecting the price to bounce off the first level (marked for a long position) and continue trending up until it reaches the upper trendline again.
- So far the price has been respecting this ascending channel
- I am not taking the long position, but I've marked it so that I have more confidence in my short if the price does behave in the above-described way
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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.