SergeantPringles
Long

Crude - 2H - Breakout

FX:USOIL   Crude Oil (WTI)
438 7 5
Potential longs in Crude since we finally broke the upper trendline with a big momentum candle. currently consolidating so be patient and let the market rest abit before buyin the further breakout to the upside
kosai19 PRO
10 months ago
Thank you for the chart... looks like a great opportunity
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SergeantPringles kosai19
10 months ago
yeah i think so too.
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roitman79
10 months ago
nice explanation for me that I'm fresh in the market, thank you.
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kosai19 PRO roitman79
10 months ago
You should be warned that about 40% or more of the time the market has a "final" sell-off before reversing after these kinds of breakouts. If you study charts of breakouts you'll see that pattern.
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SergeantPringles kosai19
10 months ago
yeah, you either have to have wide stops and which requires the market to then move up alot afterwards to give you good profits or you have to wait for a little, and wait some sort of breakout confirmation after a smaller breakout of a consolidation zone.
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AMBRISH
10 months ago
Thank You.
Reply
SergeantPringles AMBRISH
10 months ago
your welcome
Reply
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