So, here it is... The big oil short. After the impulsive rally of the last few days, WTI has stalled again around the USD 76 mark, which we view as very bearish. Against this backdrop, we expect prices to fall sharply in the near future, which could push WTI below USD 61.
The trading idea presented offers a convincing risk/reward ratio of 5:1.
As it is a trade based on the D2 timeframe, traders can also execute the move in stages.
The trading idea presented offers a convincing risk/reward ratio of 5:1.
As it is a trade based on the D2 timeframe, traders can also execute the move in stages.