DLavrov
Long

About Oil

FX:USOIL   Crude Oil (WTI)
266 2 11
10 months ago
It looks like Oil             found support on MA100 and reversed. MACD (H) and RSI confirms reversal but I don't want to open long trade now. Why? In spite of it looks like the perfect signal for opening long positions in the beginning of new up trend, the weekly chart gives information about strong down trend. Trading against the main direction and also the main directions on higher time frame - it's not a good idea, really. But what should we do?
I think the best variant is waiting for confirmation. If price closes higher then high of the previous day, it will be possible to open short term trades based on minutes charts after you will get signals for opening long positions. Who likes emotions in trading - open long trades based on this daily chart with stop level below 35 and profit level about 41. Good luck and be green!
10 months ago
Trade closed: target reached
Take part in DarwinIA Challenge! Get 125000€ on your trading account! Find out more here
https://goo.gl/MYW42Y

Website: www.dlavrov.com
Instagram: www.instagram.com/lavrov_fx
Facebook: www.facebook.com/dalavrov
Twitter: www.twitter.com/@Lavr

Related Ideas

DLavrov
Long trade for OIL
DLavrov about CL1! 8 10 months ago
DerekUweri71
10 months ago
Hi DLavrov, nice analysis.
Reply
DLavrov DerekUweri71
10 months ago
Thank you very much! I try to do the best for interesting views )
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out