Technician
Short

(J) Trade 25: Short at Potential Resistance #forex

FX:USOIL   Crude Oil (WTI)
4838 35 86
Trade 25: Short USOIL             @ 42.85
Trade Status: Active
S.L 43.50
T1: 41.85
T2: 40.15

Balance= $27 414 Position size = 1 lot ~ 2.5% risk of capital
===========================================================================

Reasoning
  • Main trend is down
  • Retesting latest swing highs and main trend line
  • Copper is breaking lower

Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.

For Trades rules and guidelines follow this link
Journey to 100 Trades: Rules and Guidelines #forex


My best regards
Technician
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moneymaking
a year ago
Hey Technician, Great to have you back. Another great entry, with no signs of stopping oil's down slide. All the BEST mate :)
+4 Reply
Technician TOP moneymaking
a year ago
Thanks Buddy :D
Reply
Market_Masta
a year ago
good luck
+1 Reply
SinaM
a year ago
Hey Technician, thanks for sharing the trade.
When I look at the momentum indicators, there is a divergence. Can it be the end of down trend?
+1 Reply
Technician TOP SinaM
a year ago
Divergences are usual in strongly trending market, so i wouldn't give it much attention..
However, Who knows, it could be .. But i am speculating on the bearish side.
+2 Reply
SinaM Technician
a year ago
Good luck mate :-)
Reply
KlejdiCuni
a year ago
Thank you.
Reply
splinterreid
a year ago
Lol good luck mate.
Reply
MahmudReyadh
a year ago
I am a great fan of you__ but sir i think you may be wrong this time
Reply
nigwe MahmudReyadh
a year ago
I was expecting that you update this your post. Next time, think before you post. And if you must counteract someone's hard work, be sure to give your reasons.
Reply
Prome PRO
a year ago
Target hit! Nice work tech!
Reply
Hi. Any thoughts of what gonna be after the 40.15 level ?
Reply
paulselvan
a year ago
I took profits from your signal.Thanks mate.
Reply
Technician TOP paulselvan
a year ago
Great. You are welcome
Reply
thanks technician for nice analysis
Reply
Technician TOP manijeh.kazemi.33
a year ago
Thanks dear
+1 Reply
IsmailButt
a year ago
Technician, you prove thousands of Analysts wrong. Bloomberg got nothin on ya. Thank you for your analysis! All the best
Reply
Krasen
a year ago
Great job! Bravo!
Good luck!
Reply
Well done sir. Is your T2 the same for October expiration?
Reply
Shukz
a year ago
hi Technician, just passing by to say thank u...and do post more. As a newbie..i learn from ur analysis along with ur reasons for entry,. it helps me alot to understand when and how to trade base on ur analysis. once again...thank u sir
Reply
Thanks friends. Wish you the best.
Reply
qnx88
a year ago
LOADING FAIL
Reply
qnx88
a year ago
this chart always loading fail
+1 Reply
Technician TOP qnx88
a year ago
It is working for me..
+1 Reply
moneymaking qnx88
a year ago
Hey mate, I think its because 480 min is a custom interval. You have to subscribe to pro service, which is $9.95/month to get the 480 min or any other time interval you like to open. The same problem is happening to me as well. I am not using the pro service, thus I can't see the loading of the 480 min chart as well. I believe technician has the pro services, which is why he is able to see the loading of the 480 min chart. Hope this helps, this also took me some time to figure it out. I believe this is the reason why you and I can't see the loading of the 480 min chart. Cheers mate :)
Reply
Technician TOP moneymaking
a year ago
Oh, thanks for this explanation. Yep you are probably correct.
+1 Reply
Technician TOP Technician
a year ago
Thanks for the heads-up, i should stop posting ideas on this interval then..
+1 Reply
moneymaking Technician
a year ago
No problem Technician, glad to help :)
Reply
another great call from Technician
+2 Reply
Technician TOP NidalDarawsheh
a year ago
:)
+1 Reply
kitnik
a year ago
Bullseye, and I'm not in :(
Reply
Yahia.Awes
a year ago
Excellent habibi.
Reply
Update : First half was closed at first target, second half closed at second target.
Profit= 5x100+5x270= $1850.
New Balance= 27,414+1,850= $29,264
+1 Reply
moneymaking Technician
a year ago
Ka-ching $$$$ :)

Well done mate :)
+1 Reply
Technician TOP moneymaking
a year ago
Thanks dear
Reply
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