kjiuytrr

US OIL sell setup

Short
kjiuytrr Updated   
TVC:USOIL   CFDs on WTI Crude Oil
3
I will take this sell trade only when price comes up or across to and again breaks below sma 21, being the thick white line.

Of course we would want to see the bearish future kumo at that point also and I would take the shape of that kumo into account as well.
When sma 21 goes through and below sma 55, this is further confirmation of a change in trend.
CS is currently finding resistance at the 55.
The 4 hr chart price has broken below the sma 21 and on the daily it looks like a bearish engulfing candle is forming well above the sma 21.
Place your stop on or just above where the sma 21 is when placing the trade.
Comment:
Future kumo is not looking too inspiring at this point, when price moves up closer to MA 8 and MA 21 I will reassess whether this is a good setup.
What I am looking for is for price to hit ma8 or ma 21 then break below, then I have a few other confirmations before taking that trade short.
Comment:
I have placed a sell trade as price has pulled back from Ema 8.
I prefer to take the trades from ma 21.
Comment:
I have my stop a few pips above ema 8
Trade closed manually:
Price moved above em8 so I closed it.
I will look for another sell entry at sma 21.
Comment:
I have opened another sell trade on the break below sma21.
Comment:
I have closed this sell trade with a small gain and now will be looking for a buy trade if the price breaks up through the 21ema again.
Comment:
I bought in above the 21 sma and just closed the trade with a decent profit, which is not bad considering this trade was not a typical one, the bearish kumo did not look promising from the start.
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