Stargazer_fx

USOIL, Bullish Price Action, Buy setup..

Long
TVC:USOIL   CFDs on WTI Crude Oil
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USOIL
The price is holding above key hourly support/resistance level ,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow,wait for the price to make a pullback and if price gives bullish signal and look for buy opportunity..


For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions

Comments

Is this the best analysis?
+1 Reply
gtntlathi mickeekung
@mickeekung, results will prove.
Reply
This time the pattern didn't play out. Here are the next buy opportunities within the Channel Up patterns:

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