simonecabras
Short

UsOil retrace on 4hr - Short Position Opened

FX:USOIL   Crude Oil (WTI)
a year ago
It looks like the 4hr chart present an opportunity to enter a short trade since the price retraced to the 0.382 Fibonacci zone of the previous down trend leg.
I am entering short with a SL above the spike of the previous high at 38.67 with a TP at 35.10

The reason I have chosen 35.1 as a possible target is that I am ssuming that the price is going to reach the low of 2009 at 32.95 so I safely assume that the price might get to 35.
I might be wrong, and therefore I will keep a close eye on this trade and I only trade half of my usual size.
a year ago
Trade closed: stop reached: Unfortunately even though the trade was good and the setup was there, the spike on the following candle hit my SL and closed my trade with a loss of -86 pips.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock 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