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Trade of The Week | Classic Breakout & Retest Trade đŸ”„đŸ”„đŸ”„

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CFDs pĂ„ WTI rĂ„olja (TVC:USOIL)  
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TVC:USOIL   CFDs pĂ„ WTI rĂ„olja
Multiple Time Frame Analysis Parallel Channel Double Top or Bottom signals signal signalservice signalsprovider WTI Oil Crude Oil Crude Oil Futures WTI (CL1!)
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mtfa parallelchannel doubletoporbottom signals signal signalservice signalsprovider wti oil crudeoil cl1!
snapshot

Hey traders,

As you know, for the last two weeks I was very bearish on OIL.
Spotting the overbought state of the market I was looking for a channel breakout trade.

CRUDE OIL (WTI) Are You Ready For a Correctional Move?! 🛱
03:27

Once the channel went broken, I was looking for a retest of its broken support to short.
The price formed a cute double top formation with a lower high retesting the broken trend line. My trigger was a bearish breakout of its neckline. Short position was opened on a retest.

Great & quick winner.

Did you catch this move?

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