JosephKennedy

POTENTIAL LONG OPPORTUNITY ON OIL

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Potential long opportunity on OIL. A recent level of structure has been broken followed by a consolidation pattern which on lower timeframes resembles a flag, on higher timeframes such as 6H and 8H this presents as inside bar stall patterns. This could potentially be indecision before bullish continuation. I have a limit order set at the red area looking for 2.5 times risk.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.