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zhipengcfel
9 ago 2016 08:19

Trading setup for usoil (2016-08-09) Short

Crude Oil FuturesNYMEX

Descrizione

USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.

Good luck for everyone!

No confirmation, no trading!

Notes: if it breaks out of the decline channel, this setup will be invalid!

Commento

It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.

Trade attivo

Double top formed.

Commento

The double top neckline was broken. Nice progress!

Trade chiuso manualmente

Choppy oil~~~

Trade attivo

Commento

Triple top formed!

Commento

Nice progress! The triple top neckline was broken!

Commento

TP1 was touched! 41.8 was broken. I move the SL to 42.28.

Commento

Half of position was closed. The remaining SL moved to 42.17.

Trade chiuso: obiettivo raggiunto

Commenti
prasanro
sir good analysis please posted continuously forever to learn novice trader like me
zhipengcfel
Thanks. I will update for each setup. After closing one setup, I will post a new one.
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