After the OPEC's meeting ,the crude oil breakout the trendline ,now let's wait for the pullback the yellow area ,find a entry for long here .
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look at the small time frame to plan a trade.
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go down now ,be patient.
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tp1 reached.
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still in the triangle ,hope to breakout with strong energy.
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buy the 2nd time ,enter now. stop loss at 46.50 good luck.
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48.20 now ,almost 100 pips ! happy weekend.
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wait for the tp at 49.00.
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set a protection SL at 47.70 ,if this level is brokenout ,sugget to take the long position here.
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look at the previous high ,almost at 48.90 .
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something on crude oil daily chart this week.
Trade closed: target reached
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all tps reached now. and the price hit the 49.00 with weak power,so sugget take some profits. let' the rest profit fly in the sky ,good luck .
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49.00 was broken already.next tp look forward to 51.50 to 52.00
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ok ,50.50 now, we buy crude oil twice (the 1st buy at 46.80 ,the 2nd buy at 47.25 ),so this trade we make almost 700 pips .watch the yellow zone, this is the last tp of long trade. i won't update this trade anymore. at the same time ,i will plan a short trade here. good luck.
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StanLeee
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Fantastic!
cowboy
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it seems good entry @47.20. friday night and weekend time ,full of unknowed risk thing ,so trade with care .
-Andrew-
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We have a very similar trading approach
cowboy
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i think the previous resistance (49.00 and 51.60) is strong there .
so the short-term buy plan ,my long trade tp2 is 49.00 ,the last tp will be previous high 51.60.
cowboy
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if 51.60 is brokenout and stand above ,crude oil will have a big rising .but there is a little far from here.
mortdiggiddy
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Looks like @CL1! has already broken the trendline according to the on balance volume, a clear break. I bought UWTI on that day, 09.21. tradingview.com/x/5ZCDUMTV/