WTI CRUDE OIL TRADE SETUP : BREAKOUT OR BREAKDOWN ?

Apr 2

📊 Key Observations:

🔹 Trend:

🚀 Strong bullish move followed by a correction 📉

🔻 Price is testing a support zone


🔹 Pattern Formation:

📏 Descending channel or flag-like structure

📍 Price is near a breakout point


🔹 Trade Setup:

✅ Entry Zone: Around 70.77

🛑 Stop Loss: 70.44 - 70.49 (Risk limit ❌)

🎯 Target Point: 71.80 (Profit zone ✅)


🔹 Indicators & Confirmation:

📊 DEMA (9) at 70.92 → Price is slightly below short-term momentum

🔥 A breakout above resistance could confirm a bullish move 🚀


📌 Conclusion:

✅ If price breaks the trendline upwards → Buy 📈 aiming for 71.80 🎯
❌ If support at 70.44-70.49 fails → More downside possible ⚠️

🚀 Watch for volume & candlestick confirmation before entering!

Apr 3

Trade closed: target reached

Apr 3

Note

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