aslamhammad
Short

Crude Oil Daily Chart

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
599 5 5
Well currently the price has formed a double top , we also have a shooting star candle at point 3 around 62.48$. Currently 2 places to short:

Short Entry 1:

Short @ 0.764 Ratio==57.75$
Stop loss @ 63$
Take Profit @53$

Short Entry 2:

Short @ 0.618Ratio==54.85
Stop loss @ 63$
Take Profit @ 50.16


alvarezrodo
2 years ago
Your entry 1 is ok, good risk reward ratio but your entry 2 with almost 10 dollar loss against 2 dollar win is stupidity
Reply
aslamhammad alvarezrodo
2 years ago
ok let me modify it :)
Reply
ajoy1296
2 years ago
again short at 59.50 sl your
Reply
aslamhammad ajoy1296
2 years ago
nope sl is around 63$ :)....using 1unit on the trade :p....max low risk :p
Reply
ajoy1296
2 years ago
sell on 60,,,,go for weakend,,,,,,,buy at 55 good bye
Reply
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