DLavrov
Long

Double Bottom and Divergence

FX:USOIL   Crude Oil (WTI)
203 1 7
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.
Trade closed: stop reached
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That didn't work out because of the unfilled supply zone @ 46.00
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