Yahia.Awes
Long

Short or long? You decide yourself

FX:USOIL   CFDs on Crude Oil (WTI)
236 6 10
I'm long since 44 and keeping my long because of the hammer in the 2H chart. This hammer is exactly at channel support and this is a very powerfull support.

The channel and wick on the candle show the same pattern as the start of the uptrend, or whatever you might call it. The monthly hammer shows me that this is a change of trend. So far this low couldn't be violated.

At least I will keep this long untill 50 with a SL at break even. From there it might trigger a double top with bearish divergence.
Looks good Lighthouse, you were definitely correct about the break up out of the descending triangle!!! Nice job! I think we are limited on upside but.. the DX is shallow so we'll see!
+1 Reply
smitheric1970 smitheric1970
I'm hoping for one more kiss off the green or red line before further downside.
+1 Reply
Yahia.Awes smitheric1970
Hi yes, i believe the up-move is limited. Some traders are long all-in but not me...
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mkdeep04 Yahia.Awes
if dollar tanks then oil up.. to test 200ma
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all night long baby)
triangle pattern worked great, right after 60-70% of time balancing between resistance and support
CHEEERS!
+1 Reply
Yahia.Awes Andrey.Ustinov
Building momentum for one more push up, if it breaks down the channel I short.
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