CL1! Crude Oil Day Trade 5-Oct-2023

5 ต.ค. 2023TRADE DIRECTION: SHORT; as indicated by the downward trendline (red line) and the market structure.

KEY LEVEL: Round numbers S&R with 50 ticks range between each level.

TRIGGER SIGNAL: Broke bearish pennant with the confluence from 2 trend continuation candles (red arrows).

RR: 1:1.7

SL: 88 Ticks
TP: 150 Ticks

5 ต.ค. 2023

ความคิดเห็น

Crude Oil broke the ascending channel and buyers seem to jump in at the Monthly S2 area for now.

I am anticipating a retracement soon. Let's see.