Dilinger_095

What a fantastic trade!!! Let's take some considerations

TVC:USOIL   CFDs on WTI Crude Oil
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5
Hi guys!!!

What a fantastic trade yesterday: we identified the exact point of the pullback after the "big red candle" (see my H1 chart), and then down with the continuation of the drop . The second target indicated was 69.4: taken!

After that, prices rebounded by 1 dollar, a sign that many buyers were waiting for it, and that there were many profit taking (remember: there was the ema 50 and the black trendline , support of the bullish movement).

What happens now? As mentioned several times in the medium / long term USOIL remains long, and moreover the cycle is about to end. The daily resistance is at around 71.20, where we have the POC , the ema 21 and the dotted trendline .

So for a couple of days better to stay flat, looking for a good entry to ride the next movement.

Stay tuned and have a nice day!!!

Comments

nice! Are you going to short again?
Reply
@kweiss, --- Hi, at a daily break of 71.20 I will increase long positions. With the current situation, going short at these prices has a too high risk / return.
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