Hey traders,
As you know, for the last two weeks I was very bearish on OIL.
Spotting the overbought state of the market I was looking for a channel breakout trade.
Once the channel went broken, I was looking for a retest of its broken support to short.
The price formed a cute double top formation with a lower high retesting the broken trend line. My trigger was a bearish breakout of its neckline. Short position was opened on a retest.
Great & quick winner.
Did you catch this move?
โค๏ธPlease, support this idea with like and comment!โค๏ธ
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ