WTI short triggered: Crude Oil at a top? Short

Crude Oil (WTI)FXCM

Description

⋅ Jun 28, 2018 11:09 AM

Took a small short position here.
Good RR as SL is very close
If Oil breaks above resistance zone, it might fly.
Thus a very tight stop

Comment

⋅ Jun 28, 2018 3:48 PM

Oh well, trailing stop was hit with minimal profit.
Looking for another shorting opp now.

Comments

danrindia

⋅ Jun 28, 2018 4:07 PM

Are you still looking for shorting opportunity? Is there a bigger picture I am missing?

EuroMotif

⋅ Jun 28, 2018 4:20 PM

@danrindia, re-evaluating right now. I am still looking to short, but the break above $73 looks very bullish. Will be researching the recent Oil news to see what fundamental motivations there may be

danrindia

⋅ Jun 28, 2018 4:21 PM

@euromotives, by the way, I m short as well. Will send you one link for the trading view idea which inspires me and looks really good have a look:

EuroMotif

⋅ Jun 28, 2018 4:25 PM

@danrindia, Interesting plan and wave count, thanks for link.