FullTimeTrader
Short

USOIL-short term setup based on EW and new indicators

FX:USOIL   CFDs on Crude Oil (WTI)
898 10 19
Long term im bullish on oil             , but here we have a clear impulse and now price is making a pullback possible as an ABC zigzag
This is a short term setup using new indicators as confirmation.
Regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).

Hey man, I think C of ABC of 2 is over as we got first impulse up.
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aibek aibek
Anyone forgot to buy the ticket to Mars? :-)))
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Yes, price didnt make a deeper retracement and strongly rejected from D1 support, i closed this trade to BE and will continue holding my long entries This was just a backtest of the indicator by so far 2-0 false signal (EURUSD and OIL), better i will continue relying on my trading systems
+1 Reply
FullTimeTrader Yahia.Awes
I also like channels! good area for a long, i will be ready to buy near that area. Regards.
+1 Reply
Yahia.Awes FullTimeTrader
Channels are the best I found so far.. But as you can see even RSI is making a falling wedge, that is very bullish. Price and indicator same pattern :o
+1 Reply
Yahia.Awes Yahia.Awes
Now it is about time! Look the beautifull 2h hammer exactly at channel support. No divergence needed for such price action.
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FullTimeTrader Yahia.Awes
Yes! may be the time has come, i have long term positions already. Regards.
Reply
SPX500 up and WTI up too. my sl 43.80 tp 44.2
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stragaw stragaw
*45.2
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