Oil - Potential Slowdown Ahead

25 Eyl 2017

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 ^^

28 Eyl 2017

İşlem aktif

Enter short

9 Eki 2017

İşlem aktif

Partial profit taken at 49.26, currently at 0.382 fibb levels thus expecting some support.

10 Eki 2017

Not

Bounced up, to monitor strength of this reversal up

5 Ara 2017

Not

Possible formation of an upward (bearish) wedge if it isnt a channel.

To await for triangle breakout upwards for now