Greetings all,
As was planning a short trade on WTI - but after last nights breakout, I am going long.
Looking at the past - this setup is pretty similar to that in March.
But - be carefull traders. A lot of things can happen during this and the next days. OPEC agreement are still fresh - but will it last during the next couple of days?
Make sure to put stop loss.
Happy tradings and happy December out there.
BR
Christian
As was planning a short trade on WTI - but after last nights breakout, I am going long.
Looking at the past - this setup is pretty similar to that in March.
But - be carefull traders. A lot of things can happen during this and the next days. OPEC agreement are still fresh - but will it last during the next couple of days?
Make sure to put stop loss.
Happy tradings and happy December out there.
BR
Christian
Comment:
Been studying the charts the last coupe of hours - and made up my mind.
Believe we will se a correction down during the next couple of days - ending near 50 USD target, before we see a bullish impulse.
Chart and TP as follows:
Believe we will se a correction down during the next couple of days - ending near 50 USD target, before we see a bullish impulse.
Chart and TP as follows:
Trade closed: stop reached:
Happy new year everybody.
Most indicators are telling me we, that we are in overbought territory, so believe we will see a short tun soon - so I will get out of the long trade.
Most indicators are telling me we, that we are in overbought territory, so believe we will see a short tun soon - so I will get out of the long trade.
I looks as we will get more down side - before we get some upside again.
Will update later - if I can spot the right bullish move.