Oil Breaks up Channel
已更新
I sent out a bullish chart on Oil on Friday, as the instrument went back to retest highs.
As per the chart, it did not confirm the bullish break by taking out the 46.04 level, for the ABC up.
We have however, taken out the lows, and broken the up channel. This is a strong short setup.
It remains to be seen if we retest the upper channel line of the new down channel, currently we are retesting the broken channel. So I will be looking for reversal candles to enter a short position, but allowing the instrument some time (at least into NY) to see if it can retrace further higher to get a better entry.
As per the chart, it did not confirm the bullish break by taking out the 46.04 level, for the ABC up.
We have however, taken out the lows, and broken the up channel. This is a strong short setup.
It remains to be seen if we retest the upper channel line of the new down channel, currently we are retesting the broken channel. So I will be looking for reversal candles to enter a short position, but allowing the instrument some time (at least into NY) to see if it can retrace further higher to get a better entry.
交易开始
We have posted a 1H bearish engulfing candle. I have entered the short, with stops above 44. If the instrument does a bullish turn and stops me out, I will look to re enter from higher.
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。