Oil on the Way Down?

We've been waiting for a correction of the latest push up of the oil price. This break out could be the start of the correction or if the China/US trade talks fall apart this could be the start of a drop in oil. Either way a short trade has to be worth a punt. Naturally you'll have to wait for a short trade set up before entering.

Remember If Then. IF price does what you expect THEN you trade. If the forecast is wrong then you don't open a trade.
No one has a crystal ball so use a systematic trading strategy to minimize losses when you're wrong and maximize profits when you're right.
This is not investment advice.
I'll follow up this idea as it develops so remember to follow to get the updates.
Steve Nixon
Trainer & mentor
logicfxtrading

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Here we go again