Oil Pullback Week After Overbought (08/22/2016)

This is going to happen.So, don't try to long with limited profit and higher risks

Trade active:

48.62(Shorted)
SL 49.1
TP orange area

Comment:

so far so good ...

Comment:

Don't chase price like the others ...
By the time you are in, I already close my short ..Zzz.ZZz...

Trade closed: target reached:

T1 Hit
No sign of bullish move. Keep holding .

Trade active:

Profit was booked. Now the short might begins after the retest

Comment:

This is how you called it scalping . Double win

Comment:

Idea update:

price in correction. For lower risk, open your short when the price breaks the yellow line

Comment:

Great drop

Comment:

Will TP most of my position if any reserve bar

Trade closed: target reached:

500 pips +

Trade closed: target reached:

On resistance .
350+ pips