gulz
Short

US OIL - PITCHFORK SHORT SETUP

FX:USOIL   CFDs on Crude Oil (WTI)
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4
Please refer chart for details.

*** As the pitchfork direction is downward we will look only for short setups with minimal risk.
Comment: waiting for price to bounce
Comment: Bounce can expect now
Comment: if US Oil bounce from here, lets look at top to short
Comment:
Comment: if price breaks the median line, we will look for short while re-testing the median line
Comment:
Trade active: Pin bar -- Short if price breaks the red horizontal line
Comment: No trade as we didn't get good price action (might be Friday effect :) - will wait for another opportunity
Comment: Good thing is that pitchfork nicely spotted the bounce from median line
Comment:

Comments

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