Tr8dingN3rd

cl1! - Crude Oil - Coffee ready

Long
Tr8dingN3rd Updated   
NYMEX:CL1!   Light Crude Oil Futures
Cup & Handle, ready & served.

Nice Risk Reward.

The only concern is the MACD, which points still to the downside. But hey, nothing is perfect.

And because of the great RiskReward, I'm in.
Comment:
This looks even better on a 240min. Chart.
The last Candle closed above the handles high, so this is a great sign to me.

Trade closed manually:
And closed for a tiny profit, since it doesn't seem to hold.

Looking for a potential new entry.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.