FUNTRADER-Vera

0706 USOIL a daily bull signal for 5% up later?

Long
FX:USOIL   CFDs on Crude Oil (WTI)
USOIL is the pair that follow our strategy quit well.
This right daily chart, it shows us a reversal type 2 pattern for daily reversal. Remember this?

It just appeared on the fibo 618 position where you cant ignore the support of such position.

On 4h chart , the channel we are using to find out next refection point that price could reach later.
The broken trend line is telling the same story of the daily ENGULFING pattern, a reversal or correction on this channel is about to happen.

This would make a 5.18% possibility of rise .
But you dont want to have a wide STOP LOSS by entering now.
Waiting for signals on 4h chart later we need.

LESS IS MORE!

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