DLavrov
Short

Bearish Engulfing Pattern

FX:USOIL   Crude Oil (WTI)
265 2 35
After strong up movement we can see a reversal candlestick pattern. Price bounces from Bollinger Bands with RSI confirmation. MACD histogram falls and gives us one more reason to think about opening short trades. Entry level is below the low of the bearish candle. Stop orders must be placed above the local swing high. Take profit orders should be placed near MA100.
Trade closed: target reached
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Well done!
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DLavrov TOP RobertPapon
@RobertPapon, Thank you!
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