WTI - False break with two pin bars. Swing sell
WTI printed two pin bars in last two days, which means the break attempt of the downtrend proved to be false. Daily Slow Stoch gives a sell signal. On 4 Hrs price crossed below Kijun Sen.
Price will likely correct down to 101. The long term direction is still unclear. Price is stuck in a triangle. Long term play it in the direction of the triangle break.
Trade idea: Go short 103,10 - 103,80 range. Stop at 104,20. First target 101.
Price will likely correct down to 101. The long term direction is still unclear. Price is stuck in a triangle. Long term play it in the direction of the triangle break.
Trade idea: Go short 103,10 - 103,80 range. Stop at 104,20. First target 101.