Iateyourcroissant

More downside on USOUSD after failed break

Short
VANTAGE:USOUSD   WTI Crude Oil Cash
After failing to breakout the Top Trendline price has started to make its way down towards the Bottom Trendline which has been forming itself this past week, if we get the break were expected ill take shorts targeting a 1% move down for the first Target with the rest targeting the most recent prominent low at 81.118
Trade active:
We've broken the Bottom Trendline we were looking at, I've entered shorts targeting a 0.5-1% move down
Trade closed: target reached:
TP was hit after some small consolidation

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.