WTI: Bearish Time
I wrote about WTI market and possible selling opportunities in the previous post. I tried to explain why shorting makes sense. You can read these arguments in the post from the related ideas.
Now, let's look at the 1H chart. We see the resistance zone formed by 40.30 and 40.00 levels. If buyers can't move the price above it, we will be ready to open short trades based on breakouts signals below SMA100 and SMA200. Stop orders must be placed above 40.30 resistance. Profit targets can be SMA200, round number levels, and 36.00 support.
Risk per trade must be no more than 1-2% from the capital.
It is possible to wait for a reversal from the resistance zone, but it will be just an additional opportunity.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Now, let's look at the 1H chart. We see the resistance zone formed by 40.30 and 40.00 levels. If buyers can't move the price above it, we will be ready to open short trades based on breakouts signals below SMA100 and SMA200. Stop orders must be placed above 40.30 resistance. Profit targets can be SMA200, round number levels, and 36.00 support.
Risk per trade must be no more than 1-2% from the capital.
It is possible to wait for a reversal from the resistance zone, but it will be just an additional opportunity.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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