Crude Oil Futures (Nov 2017)Zaktualizowano

Oil - Potential Slowdown Ahead

Reaching new highs

For confirmation of short;
1. Reached slowdown area, red
2. Overbought RSI and 0 gradient
3. Overbought MACD and declining signal line

Short at 52.40
Stop loss: honestly cant tell at this point in time
Expected TP: before preceeding high, 50.40 (maybe at 50.55)
Profit range of 1.80,
to achieve a rr ratio of 2, SL is to be set at 53.3 (i.e. 52.4 + 1.8/2)

Best trades ^^
Zlecenie aktywne
Enter short
Zlecenie aktywne
Partial profit taken at 49.26, currently at 0.382 fibb levels thus expecting some support.
Uwaga
Bounced up, to monitor strength of this reversal up
Uwaga
Possible formation of an upward (bearish) wedge if it isnt a channel.

To await for triangle breakout upwards for now

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