Good Evening guys;
Beautiful short taken by our community today...Falling further is something I expected as stated in my last breakdown. The drop was called and I said a "FREE FALL" will take place below 84.74 which is exactly what happened. This is no coincidence as we know where the market it going.
My bias hasn't changed on oil and I am still bullish and as we can see we have a nice down trend channel forming. Again the rise from $74 to $87 was called and then we would starting seeing pullbacks...You can't make this type of accuracy and knowledge up!
Oil is now below a significant resistance point which until it has solid closures above oil will continue to fall further, although we can see bulls taking back ground I still see $80.40-$79.88 coming through before we move towards $90 again. The market will be confusing for many but not for us, we know where the market is going and we know how to trade with the institutions. our sell limit wasn't met so this was changed to a sell order missing out on our TP by 12 pips but we were still able to secure around 250 pips today.
Fake outs to the $85.20 region are very welcome and I will look to short given the set up and conditions are correct but as soon as I see 80.40 -79.88 I will look to long.
Great trade.
Great result.
Great community.
Follow us to keep and use the signature for our trade updates
Beautiful short taken by our community today...Falling further is something I expected as stated in my last breakdown. The drop was called and I said a "FREE FALL" will take place below 84.74 which is exactly what happened. This is no coincidence as we know where the market it going.
My bias hasn't changed on oil and I am still bullish and as we can see we have a nice down trend channel forming. Again the rise from $74 to $87 was called and then we would starting seeing pullbacks...You can't make this type of accuracy and knowledge up!
Oil is now below a significant resistance point which until it has solid closures above oil will continue to fall further, although we can see bulls taking back ground I still see $80.40-$79.88 coming through before we move towards $90 again. The market will be confusing for many but not for us, we know where the market is going and we know how to trade with the institutions. our sell limit wasn't met so this was changed to a sell order missing out on our TP by 12 pips but we were still able to secure around 250 pips today.
Fake outs to the $85.20 region are very welcome and I will look to short given the set up and conditions are correct but as soon as I see 80.40 -79.88 I will look to long.
Great trade.
Great result.
Great community.
Follow us to keep and use the signature for our trade updates
