As you can see oil has got out of sync with the trading range, as you can see it happened 2 times before in this range and both time it was a reversal signal. Now we have the same situation again and also the price is nearing a nice support. ADX red line slowly starts to fade with green going up slightly and Stoch is close to a bullish cross over. So indicators arent that convincing yet. When we see a actual bounce back of this support it would be a nice entry for a buy.
I always like to get in early so I bought it already with a stop at 43.65 and a toke profit of 46.40
I always like to get in early so I bought it already with a stop at 43.65 and a toke profit of 46.40
Trade active
Comment:
moved stop to break even