Crude Oil Futures (Nov 2017)
已更新

Oil - Potential Slowdown Ahead

107
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 ^^
交易進行
Enter short
交易進行
Partial profit taken at 49.26, currently at 0.382 fibb levels thus expecting some support.
註釋
Bounced up, to monitor strength of this reversal up
註釋
Possible formation of an upward (bearish) wedge if it isnt a channel.

To await for triangle breakout upwards for now

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