TVC:USOIL   CFDs on WTI Crude Oil
Short this one
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Trade closed: target reached: TP hit, nice

Comments

Well developed for big whales.
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tomsabobiz abc101101
@abc101101, This use to be the point where we see a squeeze to the downside before it shoots back up
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tomsabobiz tomsabobiz
@tomsabobiz, @abc101101, well I guess this just happened
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Can you provide more technical analysis on how you think this wil go short?
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NawidD NawidD
Or do you think it will short and bounce at 19.24
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@NawidD, Hey there, sorry for the tight trade setup, but I don't usually have time to comment in the flash because I'm managing the trade on my own terminal live as well. Anyway. IMO, I think there are lots of long orders from retail traders below 19 area, so I think there could be a divergence pattern evolving on higher timeframes indicating a squeeze of those longs. Big boys are hunting smaller players. And also there is a very significant area back in 2001 around 16.50 area that can attract big whales as well. If not, I'm not worried, I always trade with 1:3 RR.
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NawidD tomsabobiz
@tomsabobiz, Thx for your reply. I understand your chart a bit more now. Interesting how this al develops.
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