Here is a trade on crude oil. Very simple, an inverted H&S pattern with a bullish divergence on the RSI and Stoch.
Will wait for the right shoulder to fully form.
Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more.
TP targets:
1 - 58.10
2 - 63.8
3 - 65.7
Stop loss at: 49.5
Will wait for the right shoulder to fully form.
Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more.
TP targets:
1 - 58.10
2 - 63.8
3 - 65.7
Stop loss at: 49.5
Trade closed: target reached:
First target was hit.
Big ooft
Changed neckline break to 54.7 and stop loss to 49.4