Technician
Long

WTI Crude Oil: Breakout Confirmed

FX:USOIL   Crude Oil (WTI)
3246 43 34
Following on my latest trade idea, the breakout scenario above main resistance was confirmed. I put a buy limit order near the broken resistance, where i am looking to long after a retest to it..

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Technician
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Technician are you still long?
Crude Oil, bullish scenario, what do you think?
Reply
any update please? thanks!
+1 Reply
hey wien, I think since we got 1st target hit, so we move our stops to break even.
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wien PRO moneymaking
I guess so too, thanks! Just wondering what the adjustment would look like.
+1 Reply
No problem. Ya I also would love to hear what technician has to say about the current situation :)
Reply
Technician TOP moneymaking
Nothing to add mate
-1 Reply
Technician TOP Technician
A gravestone doji on the daily, which is slightly negative indication
Reply
moneymaking Technician
Ya I noticed that as well. But I think since it's not at a critical level, it should be invalid.
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Technician TOP moneymaking
We don't know in advance what will be a critical level. A critical level is created when price failed at , at a certain point.
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moneymaking Technician
I thought critical levels are the previous resistance levels at which market failed to break and close above those levels.
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