WTI Short Play: Riding the Sideways Action Down
WTIShortIntraday5h ago3 views
Trade Setup
Entry Price
72.5700
Stop Loss
72.6800
Take Profit
72.3500
Risk : Reward
1 : 2.00
RiskReward
Alright team, let's dive into WTI today. Crude's been a real chop fest lately, clearly sticking to that sideways trend we've been watching. We're currently hanging around 72.5461, right in the middle of our intraday range, and I'm seeing a potential setup for a quick short scalp.
Technical Readout: Resistance Holding Strong
From a technical standpoint, WTI has been really respecting that 72.6152 resistance level. We've seen it act as a ceiling, and for this intraday short, I'm looking for history to repeat itself. My entry is set at 72.57, aiming to catch a retest of that resistance or a slight poke above before rejection. The Stop Loss is tight at 72.68, just above the 72.6152 resistance
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