Looking again to short oil
I found an harmonic tree drive pattern that just completed around the important daily resistance.
Also rsi is in bearish divergency with price and trading in a wedge that will break more sooner then later.
I placed a sell stop order at 53.36
TP1 52.68
TP2 52.04
This trade offers a good risk reward ratio
If price moves in favour +10 ticks i´ll use a 20 tick trail stop
If prices moves in favour +50 ticks than i´ll use a 40 tick trail stop
I found an harmonic tree drive pattern that just completed around the important daily resistance.
Also rsi is in bearish divergency with price and trading in a wedge that will break more sooner then later.
I placed a sell stop order at 53.36
TP1 52.68
TP2 52.04
This trade offers a good risk reward ratio
If price moves in favour +10 ticks i´ll use a 20 tick trail stop
If prices moves in favour +50 ticks than i´ll use a 40 tick trail stop
Trade active
Comment:
Comment:
Comment:
I just add a new short position ti this trade
I just add a new short position ti this trade
Comment:
A small update - trade is looking good
Trade closed: target reached
I now have a 40 tick trail stop