We had an exhaustion candle on the weekly last week and closed below tenkan. I am inclined to take a preemptive short on WTI targeting the weekly kijun which is also the monthly SSB. I say preemptive because there is a strong support around the 59.56 zone and that could stall or even reverse the bearish movement. So i will be cautious there and any sing of bullishness will be met with an unremorseful complete exit from the trade:)
Entry : 61.57
TP : 50.85
SL : 65.66
R : 2.62
Risk management first profits later!
Entry : 61.57
TP : 50.85
SL : 65.66
R : 2.62
Risk management first profits later!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.