addinmajid
Short

USOIL 1H SELL!

FX:USOIL   Crude Oil (WTI)
120 5 7
Entry : 41.70

Target : 35.22

For next week :)
what is this setup can u explain it
Reply
Ok, I will explain.
I setup the rectangle tool at 41.70 - 40.82.
41.70 is the higest price on date 15 april and 40.82 is the lowest price on date 14 april.
Actually the best entry when price at 41.70 but now price is sitting at 40.38.

Looking 2 indicator i use in this ideas both of them going to overbought so u can sel itl when the indicator already crossover in overbought
from up to down but anything can happen it deepends price action movement maybe it can crossover before going to overbought
If u wanna looking short just see 2 indicator i use in this ideas rsi 3 & 13 crossover from up to down and stochastic too. just simple like that.

But i think 80% price will going back to 40.82 again it means hit middle bollinger bands and falling down to my target 35.22.
So it means sell limit at 40.82, Let market decide. So that's my analysis :)
Reply
HAIYOU addinmajid
What u have set is correct but i am not clear in rectangle is any hidden is there?
Reply
I setup rectangle at 41.70 - 40.82 cause around that point is nice for entry position. That's why i setup rectangle around that point :)
Reply
OK
Reply
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