SergeantPringles
Long

Crude - 2H - Breakout

FX:USOIL   Crude Oil (WTI)
442 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
Thank you for the chart... looks like a great opportunity
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yeah i think so too.
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nice explanation for me that I'm fresh in the market, thank you.
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kosai19 roitman79
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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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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Thank You.
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your welcome
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