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Trade of The Week | Classic Breakout & Retest Trade πŸ”₯πŸ”₯πŸ”₯



Hey traders,


As you know, for the last two weeks I was very bearish on OIL.

Spotting the overbought state of the market I was looking for a channel breakout trade.



Once the channel went broken, I was looking for a retest of its broken support to short.

The price formed a cute double top formation with a lower high retesting the broken trend line . My trigger was a bearish breakout of its neckline. Short position was opened on a retest.


Great & quick winner.


Did you catch this move?


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