We have currently witnessed a shift in the market structure on the 4-hour chart. My perspective is that it would be preferable for oil to experience to run imbalance before any potential rally. In light of this, I believe there is a distinct short setup that presents an attractive risk-to-reward ratio.
Operación activa
Nota
I'm already up by 2R. I was keeping an eye on lower time frames. I plan to off load a portion and let the remainder continue as a runner.Nota
The SL has been moved at 81.7, which aligns with my Break Even point. Some partial profit has already been secured. Let's allow the remaining position to capture further gains.Operación cerrada: objetivo alcanzado
Position nearly 3/4 closed now, since we've successfully taken out the SSL on the 4-hour chart. This translates to a gain of 4.5R, which has been secured. The final 1/4 of the position will either hit the stop loss or reach the last take profit level as indicated on the chart. A truly remarkable trade!Operación cerrada: precio stop alcanzado
after taking 4.5R profit. it finally take me out at breakeven
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.