We dont really post trade ideas as we are day traders and most of our trades are pretty quick, but since we have a little extra time right now we are sharing this WTI short.
We believe there are good to great indications that WTI could achieve a small reversal in its up trend and move closer to the 10 day EMA (purple)
We are in a strong uptrend, but we have formed a lower high and we do have a potential H&S setup here, so the odds of a short sell move have increased.
In anycase, the SL is always there to stop us :D
We believe there are good to great indications that WTI could achieve a small reversal in its up trend and move closer to the 10 day EMA (purple)
We are in a strong uptrend, but we have formed a lower high and we do have a potential H&S setup here, so the odds of a short sell move have increased.
In anycase, the SL is always there to stop us :D
Comment:
B-E-A-UTIFUL!
Trade closed manually:
Took profit, went long.