dinhchien

USOIL - Short by High Low Pivot & 2EMAs

Short
FX:USOIL   CFDs on Crude Oil (WTI)
1- Short trend when Swing Low (1) & EMA 21 under EMA 50.
2- Swing Low(2) is continue & High still under Swing Low (1).
3- Opens a Sell with Stoploss at Highest price (Swing High) between Swing Low (1) & Swing Low (2) (Rule to find Stoploss).
a/ Moving stoploss when occurs Swing Low(3), Swing Low(4)(5)...
b/ Wait to retest previous swing low if ratio of Reward > Risk (>1).

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.