Excellent opportunity for WTI Crude OIL
Here is what can become an excellent opportunity, one of those I prefer. A nice double maximum in daily reached with extreme precision.
The graph to which I refer in this analysis is a 4h and shows very clearly how in area 66.70 there is a double maximum for oil. On these occasions, immediately within short placing no stop loss just above R1 and a first target in S1. As I have repeatedly explained in my analysis, my entry is not unique. I usually build a position in a market with multiple entries. Entering 65.73, for example, I start to build my position that I will strengthen if I had to get closer to R1 while keeping the same SL in order to take full advantage of the rebound. I will strengthen this position further if the daily gives me another bearish signal like that of a Heikin Ashi Bearish or a short signal from the EMA10. However, the opportunity is now really interesting, there was also a spike on R1, so I start to build my short operation.
Here is what can become an excellent opportunity, one of those I prefer. A nice double maximum in daily reached with extreme precision.
The graph to which I refer in this analysis is a 4h and shows very clearly how in area 66.70 there is a double maximum for oil. On these occasions, immediately within short placing no stop loss just above R1 and a first target in S1. As I have repeatedly explained in my analysis, my entry is not unique. I usually build a position in a market with multiple entries. Entering 65.73, for example, I start to build my position that I will strengthen if I had to get closer to R1 while keeping the same SL in order to take full advantage of the rebound. I will strengthen this position further if the daily gives me another bearish signal like that of a Heikin Ashi Bearish or a short signal from the EMA10. However, the opportunity is now really interesting, there was also a spike on R1, so I start to build my short operation.
Comment:
Everything proceeds as planned
