$USOIL - Bounce or die.

FX:USOIL   CFDs on Crude Oil (WTI)
The really big dip into the liquidity pool on the low 40s formed a huge momentum divergence on the daily chart .
It's a great chance for a bounce into the monthly pivot which would also be the OTE             short target since the start of the divergence.
You're 5th person I know that got stopped out today. CL is a killer.
nice thx
Can you lay down your entry/stop if you buy here?
+1 Reply
Spofas timwest
Sure. At the time of answer we're sitting right at the bottom of this liquidity pool (42.20) so that's a great entry. Stop should be right below the pool around 41.7.
+1 Reply
So buy now, then if trigger 41.7, stop and exit?
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