Andrey.Ustinov

Oil Bull run correction = portion of shorts

Short
Andrey.Ustinov Updated   
NYMEX:CL1!   Light Crude Oil Futures
7
after IH&S break price vastly moving to channel resistance and have a mass of resistance on the way up so i can try to make a portion of shorts for correction or continuation of bearish momentum
otherwise if price goes over 50.6 we're able to see new high soon
Trade active:
huge buying volume
trading this risky but any chance i have move SL to break-even point
Trade active:
SL at BE point but expect double top or 50.2-5 range before moving down
Comment:
H4 bar showing nice bullish momentum and formed IH&S on lower TF so for now i expect a bounce from PP to 50.2-5 price levels
Trade active:
TP moved to 48.8 as it border of bullish channel drawn from yesterday high
Comment:
Trade closed manually:
time with judge me for closing now but it is done
Comment:
Entry 50
Profit took at 48.8
Result: 120 pips
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