Crude Oil Short Trade
Daily candle closing as pin bar, orders set to short on break of low, first target 57.34-39, second target reciprocal AB=CD (purple) at 49.82
Planning to move SL to breakeven once T1 is hit as they are major long term horizontal S/R levels going back years
Longer term bullish on Oil, but would like to fade the retracement and look to reenter long a bit lower
Daily candle closing as pin bar, orders set to short on break of low, first target 57.34-39, second target reciprocal AB=CD (purple) at 49.82
Planning to move SL to breakeven once T1 is hit as they are major long term horizontal S/R levels going back years
Longer term bullish on Oil, but would like to fade the retracement and look to reenter long a bit lower