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Zoen_Trieste
May 23, 2018 6:46 PM

USOIL Bears Fail Yet Again Long

WTI CRUDE OILTVC

Description

There's a constant inflow of demand for USOIL. Dips are being bought by trend continuation players without hesitation and the overextended state of this market is not scaring bulls away. Given the HHs and HLs, it seems reasonable to buy around 7150 with tight stops under recent lows around 7120. Lower probability set up with decent R:R.

Trade closed: stop reached

Comments
dr90210
I see lower lows and lower highs at the 11 last candles, not good to long the top
Zoen_Trieste
@dr90210, not a good set up. The result speaks for itself.
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