Oil (USDWTI) Sell
Updated
4H timeframe needs to see a healthy retracement after a nice bullish run. Long term bullish, however our 1H timeframe is newly bearish along with our 15 minute timeframe. We are in the process of the 15min retracement for a bearish extension. 15 min candle just engulfed, confirming sells for me.
Sell
Entry: 73.65 - 73.75
SL: 74.30
TP1: 73.18
TP2: 72.55
TP3: 70.50
TP4: 69.20
R/R: 5.49
• All ideas are at your own risk. Please use the appropriate risk management. We suggest never risking more than 5% of your balance in a trade. Trade carries a great risk, be careful! Loss streaks come as easy as winning streaks. If you use risk management, your account will increase with time.
Sell
Entry: 73.65 - 73.75
SL: 74.30
TP1: 73.18
TP2: 72.55
TP3: 70.50
TP4: 69.20
R/R: 5.49
• All ideas are at your own risk. Please use the appropriate risk management. We suggest never risking more than 5% of your balance in a trade. Trade carries a great risk, be careful! Loss streaks come as easy as winning streaks. If you use risk management, your account will increase with time.
Trade active
TP1 + 50 Pips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.