The commodity broke the large corrective structure to the downside, a smaller degree break inside looks imminent to the downside and will give a nice opportunity to go short and wait for a larger breakout once confirmed.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
Comments
KhunHunSein
⋅
as your chart ,should i short now ?
piphunters
⋅
it looks like breaking, you can either enter now for riskier trade with a tighter stop or wait for a confirmation and enter later, depends on your money management and risk apetite.