September WTI Crude Oil Futures: Breakout Scalp
Breakout scalps are an affordable way to trade futures, as stops are small and profits can be fast. Below are both the bullish and bearish breakout scalping plans for the Monday session in September WTI crude oil futures:
Bullish Breakout: A buy entry from $69.25 is a solid entry to the long. With a profit target of 8-12 ticks and max 12 tick stop loss, this trade is likely to produce immediately positive price action.
Bearish Breakout: A sell entry from $67.86 gives us a good shot to grab a few ticks on a test of the $67.75 handle. Using a profit target of 8 ticks and max stop of 10, this short is a positive way to ride the bearish wave toward $67.75.
The idea here is to ride a spike in participation to fast, definitive profits. In the event that one of these trades goes live, the other is void.
Bullish Breakout: A buy entry from $69.25 is a solid entry to the long. With a profit target of 8-12 ticks and max 12 tick stop loss, this trade is likely to produce immediately positive price action.
Bearish Breakout: A sell entry from $67.86 gives us a good shot to grab a few ticks on a test of the $67.75 handle. Using a profit target of 8 ticks and max stop of 10, this short is a positive way to ride the bearish wave toward $67.75.
The idea here is to ride a spike in participation to fast, definitive profits. In the event that one of these trades goes live, the other is void.