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Andrey.Ustinov
Sep 1, 2015 8:32 AM

Oil retrace after hard bullrun Short

Crude Oil (Brent)FXCM

Description

Shooting star formed after yesterday bull run, now price broken through symmetrical triangle on lower TF and clear wey down for form Bullflag, note also that RSI showing double top with divergence
TGT for sell side for me at 50,52 right at 0,618 Fibo, but better put TP at 51
Also waiting for later testing of lower trendline support but need clearer confirmation
Comments
ElPatron.Y
Well done!
Andrey.Ustinov
out of position just a view, cause diaposon too big and no clear direction
Andrey.Ustinov
ElPatron.Y
What is your target? And where is your stoploss?
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