DLavrov
Long

Double Bottom and Divergence

FX:USOIL   Crude Oil (WTI)
198 1 6
4 months ago
If we look at daily chart , we'll see up trend and possible reversal from Moving Averages with period 100. MACD gives a confirmation for opening long trades on shorter time frames. Based on 4H chart, we have price reversal from support level 44.50, double bottom and bullish divergence. Is it clear signal for opening long trades? I think yes. Entry level is 45.80, stop order should be placed below 44.35 and profit target near 50 level.
4 months ago
Trade closed: stop reached
Carl_G
4 months ago
That didn't work out because of the unfilled supply zone @ 46.00
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