WTI (US OIL) - H1 Time Frame - What Do you think?
Hey traders,
here is my multi-timeframe analysis on WTI (US Oil):
Base on #Divergence (RD-) that you can see it on chart and #MACD, it seems that #WTI is going to down.
It also Pulled back on Supply area.
But on the other hand, markets operators know well that all traders are ready for a #Short position and what can they do for get more profit?
Then it's possible that price go up and hunt all traders Stop Loss and then fall.
And now what can we do?
I prefer to get a Short position now by money management and if price go up I add to my Lot size.
I think this is the best strategy in this situation.
If you have another suggestion, I will be so glad to write it as a comment to manage this chance together.
Good luck!
here is my multi-timeframe analysis on WTI (US Oil):
Base on #Divergence (RD-) that you can see it on chart and #MACD, it seems that #WTI is going to down.
It also Pulled back on Supply area.
But on the other hand, markets operators know well that all traders are ready for a #Short position and what can they do for get more profit?
Then it's possible that price go up and hunt all traders Stop Loss and then fall.
And now what can we do?
I prefer to get a Short position now by money management and if price go up I add to my Lot size.
I think this is the best strategy in this situation.
If you have another suggestion, I will be so glad to write it as a comment to manage this chance together.
Good luck!
Trade closed: stop reached