I have entered a short position on XTIUSD (WTI Crude Oil) based on a multi-timeframe bearish confluence setup:
Weekly and Daily Trend: The overall structure on both the weekly and daily charts is bearish, showing a consistent downtrend and favoring sell setups.
Daily Chart Structure: Recently, price formed a lower high on the daily timeframe, indicating continued bearish pressure and a rejection from a key resistance zone.
4H Price Action: On the 4-hour chart, price has broken a major support level, confirming the bearish momentum. This breakdown increases the probability of further downside movement.
Trendline & Structure: The pair is respecting a descending trendline, further supporting the bearish scenario.
RSI Confirmation: The RSI has dropped below 40 and continues to trend downward, reflecting bearish strength without yet being oversold.
This trade aligns with the higher timeframe trend, with a clear break of support and momentum favoring sellers. The risk is managed above the broken structure, and the setup offers a favorable risk-to-reward ratio.
Weekly and Daily Trend: The overall structure on both the weekly and daily charts is bearish, showing a consistent downtrend and favoring sell setups.
Daily Chart Structure: Recently, price formed a lower high on the daily timeframe, indicating continued bearish pressure and a rejection from a key resistance zone.
4H Price Action: On the 4-hour chart, price has broken a major support level, confirming the bearish momentum. This breakdown increases the probability of further downside movement.
Trendline & Structure: The pair is respecting a descending trendline, further supporting the bearish scenario.
RSI Confirmation: The RSI has dropped below 40 and continues to trend downward, reflecting bearish strength without yet being oversold.
This trade aligns with the higher timeframe trend, with a clear break of support and momentum favoring sellers. The risk is managed above the broken structure, and the setup offers a favorable risk-to-reward ratio.
Trade attivo
this is short position, by mistake i marked this trade as a long trade.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.