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ScottMescudiForex

USOIL : SIMILAR PATTERNS FOR THE DOWNTREND?

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
ScottMescudiForex Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI usoilshort usoilforecast usoilanalysis usoilsell usoildaily
18
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trendanalysis chartpattern indicator usoil usoilshort usoilforecast usoilanalysis usoilsell usoildaily
Hi traders!

I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right.

USOIL SHORT
ENTRY : 49.145
SL : 49.94
TP : 47.25 & 46.28

Trade safe!
Trade active:
ENTRY @ 49.145

Let's see now what the PA does and tell us!
Comment:
Wow the price nearly touched our SL @ 49.94 (missed it by one cent!!)

Now we are in profit!
Comment:
gyazo.com/fbf442d09e...f03d140cf6c284e97506

USOIL trading in a tight range!
Trade closed: stop reached:
We got caught in that last wick before the drop. Analysis was good, entry wasn't. Will take that in account next time around!
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