USOIL WTI: Sell Short Trigger
מעודכן
Hello traders, today I propose my vision of oil in which I identify a trigger for short sell entry in favor of the main bearish trend.
Thanks to the use of my indicators created specifically for my way of seeing the markets, I highlight the beginning of the bearish structure which begins on October 3, 2023, so from then on I will only see short opportunities.
Subsequently comes the negative trend signal confirmed on November 15th and today I see an FT Short trigger on a very inviting price action of Fake Out.
In the last 4 candles we can see an inside that is broken upwards but creating a false break, then the price goes back forming a reversal candle whose minimum is broken today creating the entry trigger.
Price action that forms after a retracement and in a phase of short-term bullish mini structure that brings the price into the bearish TrendCloud / ema21 area, another reason to favor entry in favor of the main trend.
The trade is already active since the break of the daily minimum, but I am looking for a further entry on retracement of the 4H chart (with reduced size) in the 74 area, with a stop immediately above the highs in the 75.60 area and honest take profit in the lows area prior to 70.20 thus having a R:R trade of 1:2.4 which is not bad at all.
This is not an invitation to invest but just a sharing of my trading idea.
👍 Did you enjoy this share? If you also agree with my view, give it a like, I would appreciate it very much 😁
💖 Remember to follow me so you don't miss my future analyses.
🔑 Get free access to all my indicators for a week, or write to me to find out how to get free lifetime access
TAGS:
WTI1! USOIL USOIL.F USOILSPOT
Thanks to the use of my indicators created specifically for my way of seeing the markets, I highlight the beginning of the bearish structure which begins on October 3, 2023, so from then on I will only see short opportunities.
Subsequently comes the negative trend signal confirmed on November 15th and today I see an FT Short trigger on a very inviting price action of Fake Out.
In the last 4 candles we can see an inside that is broken upwards but creating a false break, then the price goes back forming a reversal candle whose minimum is broken today creating the entry trigger.
Price action that forms after a retracement and in a phase of short-term bullish mini structure that brings the price into the bearish TrendCloud / ema21 area, another reason to favor entry in favor of the main trend.
The trade is already active since the break of the daily minimum, but I am looking for a further entry on retracement of the 4H chart (with reduced size) in the 74 area, with a stop immediately above the highs in the 75.60 area and honest take profit in the lows area prior to 70.20 thus having a R:R trade of 1:2.4 which is not bad at all.
This is not an invitation to invest but just a sharing of my trading idea.
👍 Did you enjoy this share? If you also agree with my view, give it a like, I would appreciate it very much 😁
💖 Remember to follow me so you don't miss my future analyses.
🔑 Get free access to all my indicators for a week, or write to me to find out how to get free lifetime access
TAGS:
WTI1! USOIL USOIL.F USOILSPOT העסקה בוטלה באופן ידני
Price action failed. It didn't make the move I expected so I closed the trade at a slight loss. If it were to go in the direction, patience. When things don't go right it's better to close everything and wait for better times.
LuTrader Garage : linktr.ee/LuTraderGarage
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.