benjimock

US OIL SHORT

Short
TVC:USOIL   CFDs on WTI Crude Oil
Strong impulse followed by price overextension to form a lower high if price continues down, entry on the retest of the lower ascending trendline. Stop loss placed a 30m ATR above the blue zone, aiming for a retest of the lows provides a conservative target and a nice risk reward ratio.
Comment: SL HIT -1%