CRUDE OIL (WTI) Preparing for SHORT! Trading Plan

FX:USOIL   CFDs on Crude Oil (WTI)

hey guys,

WTI is retesting a key daily structure resistance .

the price has just been rejected on 1H and formed a double top formation.

to short I will be waiting for a breakout of the underlined yellow structure support (1H candle close below).

target levels will be 33.0 / 31.6

stop will be placed above the tops!

the price may coil for a while within the range of minor yellow support and resistance .
h&s may be formed as well.
be patient and don't rush!

being broken to the upside, setup will be invalid

Trade closed: target reached: T1 reached
Trade closed: target reached: New VIDEO trading plan!


what about now?
+3 Reply
VasilyPonomarev Amro_Elzeiny
@Amro_Elzeiny, If you are on the short side like me, you can short with a strong protection. 1% risk
I am shorting it until 32.80 lets see how it turns out to be. With all the shares back to normal and businesses open i feel like it will go back to 40 soon.
+1 Reply
@ibthal, here we are just trading to catch a pullback!

but I do agree with you!
It should recover soon to higher levels!
@ibthal or even to 50!
Beautiful, accurate forecast ... What are the next goals Do we see a drop towards 29 and down ....We would love to have surgery
so the next one is 31.60 and it will bounce from there?
it reached 31.60? when???
SemEeken tuongvy0501
@tuongvy0501, no he means target 1: 33,0
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