Found three different areas on Crude Oil where one could short for some quick dy trades. We have risen into Weekly and Daily Oil resistance levels, so any of these levels on the 15 min chart have a high probability of working. Black lines are entry lines and red are stop losses. I'm in a favor of zone number two working out as it shows a few indicators that lots of selling pressure happened there.
Comment:
Looking to enter in Zone 2 if price can reach there.
Comment:
Unfortunately price almost reached our zone 2 area and dropped off really quickly. Hoping for it to get back up to zone 2 or possibly 3.
Trade active:
ZONE 2 has been triggered.
Trade active:
Zone 3 has also been triggered. Combined both trades together.
Comment:
First target at 74.15. Will shave off 50% off my position and move stop below the pivot high of recent high.
Trade closed: target reached:
Closed off remaining 50% at 71.25