Weekly Engulfing Candle on Crude Oil [ Bearish ]

Weekly Engulfing candle on Crude oil is a display of control at our Critical Zone 81-81.40. We have Daily Candles closing Bearish. Some closed bullish but with large top wick rejections of our zone. Which was heavily anticpated this past week with great sell opportunities throughout the week, and lastly to end the week. A $3+ Move to end the week rejecting our zone. patience and the market will offer a chance to jump on the train. Or we may be wrong but we are seeing more evidence for bears. These are the prices and zones I like to trade off. From HTF's all the way down to execution on the Smaller TF's . Always maintaining a 3:1 RR . Safe and defensive but aggressive at times when your planned analyiss plays out. Cheers. Safe Trading

Kommentar:

First Target price hit 77.40-77.50

Trade geschlossen: Ziel wurde erreicht