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dewpoint
Nov 21, 2016 9:46 PM

US Crude - short Short

Crude Oil (WTI)FXCM

Description

See chart

Trade closed: target reached

Now a wait and see approach here, i'm looking for push higher into the 154 area then i'll be looking to heavily short this
Comments
hittkts
how did you decide on that entry?
dewpoint
@hittkts, Hi Apology for the lack of response, just noticed your comment. I use previous resistance and supports levels amongst other ideas of my own, trendlines and measurments away from the price mean/averages.
I'll be updating this shortly once we we price action, it could move into the higher price region, up to $70 or if price moves in opposite direction then we could see this move to my longer term target of approx $34
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