TradingView
VasilyTrader
May 26, 2020 2:15 PM

CRUDE OIL (WTI) Preparing for SHORT! Trading Plan Short

FX:USOIL60
Crude Oil (WTI)FXCM

Description

⋅


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!
Trend AnalysisTechnical IndicatorsChart PatternsOilfuturesWTIbrentCrude Oil BrentCommoditiesCrude Oil Futures WTI (CL1!)Crude Oil WTI
Comments
Amro_Elzeiny
⋅
what about now?
VasilyTrader
⋅
@Amro_Elzeiny, If you are on the short side like me, you can short with a strong protection. 1% risk
ibthal
⋅
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.
VasilyTrader
⋅
@ibthal, here we are just trading to catch a pullback!

but I do agree with you!
It should recover soon to higher levels!
ProTraderNataliaRUS
⋅
@ibthal or even to 50!
Lingrid
⋅
perfect👌
b0507540640
⋅
Beautiful, accurate forecast ... What are the next goals Do we see a drop towards 29 and down ....We would love to have surgery
tuongvy0501
⋅
so the next one is 31.60 and it will bounce from there?
tuongvy0501
⋅
it reached 31.60? when???
SemEeken
⋅
@tuongvy0501, no he means target 1: 33,0
More