copydrbij
Short

Short scalp with potential to become a swingtrade

NYMEX:CLQ2016   LIGHT CRUDE OIL FUTURES
5 months ago
As posted earlier i think Crude is on a crucial junction here. A closeup look at the structure revealed a nice short set up. Price action at the Orange Excursion line we zoomed on friday will tell if it is just a scalp or something bigger. If we rebreak that line, the short could be kept open for a bigger downside move. If we bounce back up i will be looking for long entries.
5 months ago
Trade active: Wedge broke as expected but got rebought by Asia, price now is trapped beneath big TL while following the upsloping median set. If it breaks the TL i will close this short for a samll loss and consider going long as the break couls signal a bigger rise to come.
5 months ago
Trade closed: target reached
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