Murodjon

Watch for breakout

Short
Murodjon Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Perfect structure breakdown and pullback on 1H chart
Inside bar pattern also confirms downtrend momemtum
89EMA crossdown on 1H chart
Uptrend channel is going to be broken
Watch for price action to short USOIL
Targets: Use 1/2; 1/3 RRs or Fibonacci levels( 0.386; 0.618; 1.618); Free-risk trade
Stop Loss: 75.50
Trade closed: target reached:
1:1RR hit
Trade closed: target reached:
Another Inside bar breakdown/ Target1:1 RR
Comment:
1/3 RR ratio is hit
GOOD! Take some profit and make a free-trade
Trade closed manually:
pls, take all your profit
Elliot 5 waves have completed/ possible reverse

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.