USOIL OIL SHORT SELL short term idea Short

Crude Oil (WTI)FXCM

Description

⋅ Apr 6, 2015 6:09 PM

Timeframe: 15m

Quick short idea based on fib retracement - recent resistance now possibly turning support (blue rectangle) targeting 78.6%, RSI – overbought. Good RR – stops above recent highs ~52.50, targets @ 50% fib and 2nd @ 78.6% fib
Good luck!
Arek JP

Comments

ElPatron.Y

⋅ Apr 6, 2015 6:28 PM

Hmm I think you are shorting a bit too much? Here is my take, take it easy shorting this much, while bulls are in charge...