Thursday, August 22, 2013

Day trading strategy for Crude Oil Futures | Sell Short at Price Channel Highs

I am watching Crude Oil this afternoon and looking for a selling opportunity at the highs of this bearish price channel around the trigger-zone #1 which is from 105.64 to 105.24.

I am going to wait for price-action to test this resistance area around 105.24 and then as soon as it begins moving lower I am going to look for an entry pattern to get into the position short.

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