BEARISH FLAG IN CRUDE OIL (SHORT FOR THE DAY)
Indian traders can short crude oil near 3560 levels near the bearish flag's high point for better risk to reward with strict SL of 25 pips for the remaining day. Profit booking will be seen during second half of the day. Amazing Risk to reward ration around 1:4
Trade active:
Aggressively shorted @3552 levels.
Trade active:
Trial your SL and keep yourself in profitable positions.
Trade closed manually:
Keep revising your stop loss as crude is currently forming pennants formation in longer time frame. I have booked the part profit with 20 pips @ 3532 and put the remaining at hold with SL at cost.
Comment:
May be more selling pressure under 3526 levels.
Trade active:
I hope you enjoyed the trade, trialing the SL of remaining position.....for further help mail me.
Trade active:
Target of 60 pips already achieved.....further trialing the SL or can book your profits.
Trade active:
After huge consolidation, broken down the triangle
Trade closed: target reached
Comment:
Wow..... we have booked the profit. Learn my point no. 4 (forming pennants formation in longer time frame) is showing strength now.