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breakoutfakeout

USoil go long take profits on way to $44

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
breakoutfakeout Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI WTI wticrude Oil oiltrading oilprice oilforecast
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trendanalysis chartpattern indicator usoil wti wticrude oil oiltrading oilprice oilforecast
Nice place to add to oil longs, falling wedge onto trend line. Hourly moving averages are still very bullish here and price is trading some way below the 200 MA. Stop loss below the previous hourly swing low in case the wedge continues to slide a little.

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Falling daily 200MA is the barrier so i'll still be taking long profits at each resistance point before my actual ideal target of $44.

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Trade closed: target reached:
Nice quick profits from this day trade, look for re-entries on swing lows

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About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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