GcNaif
Short

Short based on Clone Levels

FX:USOIL   CFDs on Crude Oil (WTI)
i am planning to short this either at 48.6 (with stop loss 49) or 47.63(with stoploss 48.50) - which ever comes first. please have a look at rectangle boxes in red on chart and see the importance of those wicks on candles and see its behavior and the direction it picked after those wicks. i had drawn both long n short examples of those wicks. The current area where the price is now is having the same situation with wicks.it looks like it found the resistance between 48 - 48.50. I would say it this work out then this could become a nice risk reward trade.

Possible directions are shown as arrows on chart

Note: this is not a trade signal. Please do your due diligence before the trade.
Comment: in support of above chart in terms of Renko. i m expecting the last leg of M to start soon( as long as it stays below that 48.50 level). usually the last leg of M gives at least 50-61 percent of the first leg of M as shown in chart on prev M pattern.
I am a Chart Slave.Thank you TradingView and @nmike.
I love how your trade look like.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out