glennmercer
Short

USOIL: Finally! Bearish Impulse! High R/R Attempt

TVC:USOIL   CFDs on WTI Crude Oil
We finally have a bearish impulse on OIL! I am looking for an entry on at the bearish bat on the lower TF. Check it out:
If this is the first impulse of the drop to the mid 40's, this has a long drop ahead and some missed pivot targets below. I want to short this at the bat completion level to test this bearish impulse. SL is placed above the root of the impulse, as any rallies above this level invalidates the trade. TP set at unhit monthly pivot for October. Happy trading
Trade active: Hey traders! Strong resistance at entry, best possible scenario. Check out the triple top around bat completion:
Comment: Nice drop! +1.51. SL moved to B/E
Comment:
Comment: Still going! Just a few more cents to target, looking at Monthly pivot to take-profit:
the Best ....
+1 Reply
@piptamil, Thanks buddy - Glad you are enjoying the analysis!
Reply
congratulations, I follow you but didn't enter the trade because I'm new and in that moment consider it a countertrend trade.
+1 Reply
Thanks Vaccaro, there will be plenty more down the road. Since this was taken on the 1H time frame, on which we were in a range with two lower lows, I considered this a trade in the direction of the newly forming bearish trend. Cheers
Reply
Huge trade....
+1 Reply
Working out well!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out