Petr Suchanek

Crude Oil short setup

FX:USOIL   Crude Oil (WTI)
122 1 1
Since the Crude Oil             has been choppy below an important resistance (watch the daily chart ), I have been looking for an opportunity to go short. Now it seems a nice topping action as a false-break of prior swing could be the right signal for short entry. Currently I am in a profit and waiting for the target at the 61.8 Fibo of the prior swing.

For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel:
Petr Suchanek
3 years ago
Ok, the setup worked out nicely and I succeed to take a nice profit. Now it is very probable that the price will retrace higher (I expect at least to 102.6 or even back to 103.6 which would be a very nice area for a potential short setup again). Follow my next chart I will publish in a few minutes.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out