CFDTradingo
Short

EOG Resources Short Setup

NYSE:EOG   EOG RESOURCES INC
Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on.

Only a few days later now it has slipped sharply down and has broken out and down. We're waiting now for a correction and also to confirm that it won't reenter the trend line on a shorter time frame for the short entry.
Trade active: Trade is now active.
Trade closed: stop reached: It reentered the structure so the trade was invalidated.
If you aren't in this trade yet it's worth watching this sell setup and only making the trade once it breaks down through it
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CFDTradingo CFDTradingo
It just goes to show how important it is to wait for validation before making the trade. If you had waited then you would have avoided taking a trade that was invalidated shortly after -
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