nakedchartist
Short

Brent Crude short upon bear flag break to rejoin downtrend

MGEX:CB2!   Crude Oil Brent
Too bad I do not have h1 data, as usually I will try to vizualize my setup in h1.
currently there is a bear flag channel forming and close to completion.
Upon break I will look to short, target till ~100 round number, give and take.
Just a primitive play , trend folowing but still utilizing my usual setup to get in.
I also have macd divergence on the h1 as one of the key criteria, but this cant be shown on the day chart.
nakedchartist
2 years ago
this has been a satisfying trade, adding steel and confidence to my setup identification. What I need to acknowledge will be that I may have to wait longer sometimes in order to reach my objectives.
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