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.

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.
aibek aibek
Anyone forgot to buy the ticket to Mars? :-)))
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.
FullTimeTrader Yahia.Awes
Yes! may be the time has come, i have long term positions already. Regards.
SPX500 up and WTI up too. my sl 43.80 tp 44.2
stragaw stragaw
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