Crude oil is at the resistance of the broadening ascending wedge inside the bigger rising wedge. Also the RSI shows overbought conditions and divergence from price on both daily and weekly chart. Since this pair is highly volatile it may be best to look for a daily candle close with a shooting star at the resistance of the broadening descending wedge before going short.
Disclaimer: This is not a financial advise. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This is not a financial advise. This is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.