Aki_0123

CL1! Potential short

Short
Aki_0123 Updated   
NYMEX:CL1!   Light Crude Oil Futures
HTF - Bearish
LTF is accumulating liquidity
if price backtests OB- ( the lower supply zone )
(As long as it does not break through the 12/20 upper wick, the supply zone is still valid, and if it breaks through, it may backtest the upper supply zone)

If there is a short selling signal appearing within OB- (lower one), can consider placing order.
Entry ragne, SL, TP are given on the chart, adjust to fit yourself, above is just a reference

All are personal opinion, not investment advice.
Trade active:
18:30 (UT +8 ) M5 evening star confirmed
Comment:
bearish momentum is weaker than I expected

Adjust SL below entry price to protect profit
if price reachs 75.4 (RR 1:1.6) can take some TP
Comment:
75.4 reached
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.