US OIL Trade Log

WTI Crude Oil 1H Short Setup

Trade Idea:
- Bearish wedge forming with price stalling in the 1H FVG (premium zone).
- Confluence:
- Bearish Divergences: CVD and RSI confirm weakening momentum.
- Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk.
- Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68.

Quick Take:
This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!

Trade active

Classic bend over it's a robbery type price action where I am the one getting robbed. Let's see!

Note

Completely miss calculated the trade since it was a 4H signal and therefore required a wider positioning + the target was off as well. A bit rushed from my part and my risk is now doubled and reward reduced. Better to increase your p of success and increase risk than the opposite.

Fondera

Fondera | Data-Driven Trading

💎 Free setups on my groupchat:
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US OIL Trade Log

by Fondera

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Fondera

Fondera | Data-Driven Trading

💎 Free setups on my groupchat:
t.me/fonderaio

🚀 Discover actionable strategies: x.com/fonderaio

🌐 Explore my journey: linktr.ee/Fondera