Potential short set up on US Oil based off my simple 15minute day trading strategy.
- Price is rejecting daily pivot level for a 2nd time today. - Price is rejecting the 200 EMA - 50EMA is below the 200EMA. - 15 minute lower high/double top at daily pivot level - RSI showing overbought
Stop loss is placed above current highs.
Profit Target 1 is the daily S1 level
Profit Target 2 is the daily S2 level
Handel aktiv
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Kommentera
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I am no risk free on this trade as it has gone over 50% of the way to profit target 1
Kommentera
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3 rejections of the daily pivot level. This normally a good sign that it will hold as a resistance.