glennmercer
Short

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

TVC:USOIL   WTI CRUDE OIL
2 months ago
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:
snapshot
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
2 months ago
Trade active: Hey traders! Strong resistance at entry, best possible scenario. Check out the triple top around bat completion:
snapshot
2 months ago
Comment: Nice drop! +1.51. SL moved to B/E
2 months ago
Comment:
snapshot
a month ago
Comment: Still going! Just a few more cents to target, looking at Monthly pivot to take-profit:
snapshot
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
piptamil
2 months ago
Huge trade....
+1 Reply
glennmercer PRO piptamil
2 months ago
Working out well!
Reply
vaccaroFx
a month ago
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
glennmercer PRO vaccaroFx
a month ago
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
piptamil
a month ago
the Best ....
+1 Reply
glennmercer PRO piptamil
18 days ago
@piptamil, Thanks buddy - Glad you are enjoying the analysis!
Reply
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