Petr_Suchanek

Crude Oil short setup

Short
FX:USOIL   CFDs on Crude Oil (WTI)
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: bit.ly/1ba2SPJ

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.