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tntsunrise
Jul 3, 2018 2:05 PM

OIL break structure and wedge Short

WTI CRUDE OILTVC

Description

OIL break structure and wedge

if price pull back to 74.40 we can short the pull back

SL above 75.30
TP1: 72.50
TP2: 71.00

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wait for the pull back
the 0.618 + structure

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sold from 74.40, now.is 73.70
win 70 pips.

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beautiful retest, and here we go, we sell.high and.make.money

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for thoese who short from 74.40, its good to take partial profit and hold the rest.
1. u earned real profit
2. u reduce the risk-exposure

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now.is.73.13, already win 130 pips

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First Targrt Hit, 72.70
this.trade.win 170 pips

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72.30 +210 pips

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OIl make a doulbe top in 4h time frame.
good to hold the rest position from 74.50

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Get ready when Oil break down the neck line,
sell the pull back :)

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STEP 1 : Find a break out. did you see ?

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STEP 2: wait for pull back or inside bar :) VERY Good, Akhalifeh!

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now is 71.45, approaching TP2
From 74.40 till now, is 300 pips.
Again, this trade belongs to Type A Trader, lose small and win big.

Trade closed: target reached


90% of TP2 HIt, + 320 pips
Risk: Reward Ratio: 1 to 3.9

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3.79

Trade closed: target reached

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Now is 69.88. for the balance position, you can take profit any time.
+400 pips

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wow 68.12 NOW!
enjoy the profit

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NOW IS 66.
+740 PIPS
Comments
illyrianFX
BeFinanceMate

Daily Inside Bar breakdown
Hold your short positions
enilarp
now it didn't reach any of your targets and the succes of your idea will depend only on today's US data... which will be probably bullish so we won't see any downfall...
TheBossHoss
@enilarp, Patience is the key... wait and then you can do your critisism
smit_is
how do unlike this comment? Clicked it by accident
HarishRavi
@enilarp, you are so wrong
enilarp
@HarishRavi, so US data are not so bullish - could anybody know this - no - if the inventory would be lower - this idea would be already wrong - could TNTsunrise forecast the inventory - the answer is no - what do I mean trading oil is trading news not somebodies charts and today's results are proving it .
enilarp
@enilarp, by saying I am wrong let's see
april 18, look at the chart and where the oil is now ?
enilarp
@enilarp, look how I figured out that Trump will go out from Iran deal... it was published before going out ...
enilarp
@enilarp, Technical analysis can guide us through the lvls achieved if the news pro or anti idea... nobody is fortune teller - every idea has few ends... I am pretty sure TNTsunrise knows this his ideas have higher probability but he is connecting it with the news even if he doesn't say it when publishing the idea...
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