DLavrov
Short

Bearish Engulfing Pattern

FX:USOIL   Crude Oil (WTI)
254 2 33
2 months ago
After strong up movement we can see a reversal candlestick pattern. Price bounces from Bollinger Bands with RSI confirmation. MACD histogram falls and gives us one more reason to think about opening short trades. Entry level is below the low of the bearish candle. Stop orders must be placed above the local swing high. Take profit orders should be placed near MA100.
2 months ago
Trade closed: target reached
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RobertPapon
2 months ago
Well done!
Reply
DLavrov RobertPapon
2 months ago
@RobertPapon, Thank you!
Reply
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