WTI - Short Idea

By MattArmstrong
Updated
Oil has been beating on me a little these days.
I see another setup worth my 1% risk.

I have highlighted the area of resistance, double top potentially forming?
I can tuck my stop above that $65 level, and get a 2:1 in before that 200EMA.
I am short this level.

2:1 RR 1% Risked
Comment
Oil immediately going against my trade idea, seems about right;)
Trade closed: stop reached
and poof... done.
brentChart PatternscommodityHarmonic PatternsindexOilTrend AnalysisUSDCrude Oil WTIWTI
MattArmstrong
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.

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