US Oil Short (VIP Only)

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I've entered short with a 2% risk from 61.10 (SL)
ENTRY: 61.14
Downside target 1: 58
Downside target 2: 54.41
SL: 61.5

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WTI/ USOIL Update

Our WTI/ USOIL trade published on 00:35 7/15 is currently trading +382 pips in profit. So far this call has been a perfect 6.83% decline with 25 pips of drawdown since it was originally published to the Trading-Room.

A great example of how powerful using daily candle patterns, key levels, and the 61.8% fib of swing-high to swing-lows (or vice-versa). This was purely a technical play with fundamental factors disregarded.

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Significant downside pressure today, following through on a break of the last lower-low.

This trade is currently +420 pips in profit from our entry on Monday.

I'll be monitoring this pair today for any signs of a retracement at the 127% fib where I'll be considering taking more profit off of the table.