A shorting idea for short term/intraday on Crude oil . It has had some lowertops and looks to be in for a slide. so a good low risk entry
Trade closed: stop reached:
The short Trade got stopped out but the reversal above the trade zone worked well. in case some one took it. Just hit the 161% retracement of the range zone.
Trade closed: target reached:
Got the reversal one right. was a good return, Now again its on a consolidation zone in top. The nearer it is to 50 the risk reward get skewed further. For a trade above 50 best is to look at long term time frames