ricky1270
Short

Crude WTI Oil Short 1 Hour Trade Idea

TVC:USOIL   CFDs on WTI Crude Oil
Crude Oil Short

After seeing the first drop at 60.25, oil has been declining ever since.
And a bearish flag pattern is seen on the 1 hour.

I see this as a CP (Continuation Pattern)

To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls,
Within that blue zone, price will form supply once more and freefall.

This is a high probability, low risk trade forming.

Easy 6R trade!

Until next time beloved!
Trade closed: stop reached: Our stop was hit, we will revisit this pair next week!
Comment: We are now ready to give this sell another try, will post new idea next week.

Enjoy your weekend!
Oil is only good for cooking. Flag patterns are most often a trap!
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