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Pattern Combo, USOil Short Setup
CFDs on Crude Oil (WTI)
Short
Pattern Combo, USOil Short Setup
By Trader-VincentH
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Updated
Oct 4, 2017
4
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2
2
Sep 30, 2017
USoil is forming a wonderful pattern combo: Bearish Butterfly and Builish Cypher, conjoint at 52.72.
Moving average is turing flat, together with declining momentum on MACD, both shows negative direction toward oil price.
Good trade to short , with good risk-reward ratio, together with the over supplied production.
Short @ 52.72
SL:54.5
TP1:50
TP2:49.2
TP3:47.2
TP4:44
Oct 2, 2017
Trade active
Pattern runs well, heading to 49.72
Oct 4, 2017
Trade active
TP1 reached, watch out support near 200MA and TP2, downside prevails
Oct 6, 2017
Trade active
Price fail to hold over 50, TP2 reached, heading to Tp3 and TP4
Harmonic Patterns
Technical Indicators
Trader-VincentH
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