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JasonSong
Apr 15, 2020 3:23 AM

USOIL: closing to a crucial support Long

Crude Oil (WTI)FXCM

Description

Closing to a strong support, a trial buy order is suggested.

If this bottom pattern is formed successfully, it may become a valid bottom for a long-term run.

TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.

THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!

Comment

Comments
pirrom
Very much appreciated!
frapal
Nice similarity. When would you enter though? SL and TP are obvious but i dont know when you consider the double bottom complete to trigger the entry?
Thanks
JasonSong
@frapal,Feel free to enter a trial buy order today; I'm expecting the bottom to be completed before next Monday.
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