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AdamIdris

USOIL - Possible Cup and Handle Pattern

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
AdamIdris Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Fibonacci
6
0
trendanalysis chartpattern fibonacci
USOIL chart almost similar to GBPJPY Cup & Handle that already successful. I want want to wait for breakout before making entry. I normally refer to H4 for entry setup. Hope can make another profit with this pattern on USOIL.
Short term target at 51.75
Mid term target at 55.00
H4 chart :-
snapshot
Comment:
USOIL is moving according to prediction. Happy trading.

snapshot
Trade closed: target reached:
All targets reached. Simple trading strategy works successfully.
Comment:
Just reviewing the study on the strategy.
Current price reached highest level of target box.
Thanks.
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