Oil Short term Bottom!

FX:USOIL   CFDs on Crude Oil (WTI)
914 13 9
Update: closed trade at 100, 40 pip loss.

I Bought WTI Crude Oil             on a break above the key confluence resistance levels near 100.40, price has broken that resistance then retraced to retest it , provided me with a good entry point in terms or risk-reward. Am long at 100.40, target one at 101.30, target two at 102.10, with a stop at 99.70
Bullish Argument: Breakout above the resistance of the falling channel + Completion of a double bottom formation + Bullish divergence on RSI momentum.

Note: I initiate trades on oil             through futures not CFDs, I use CFDs here as an illustration of the trade because tradingview doesn't provide intraday time-frames for futures yet.( That means, pricing me be slightly different)

Good Luck, Support by Joining me @
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;)
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Target was hit! Unfortunately after closing it, emotions continue to sneak .....
I kept it and I closed won 60 pips, thank you.
Technician Luis GuillermoRomero
My pleasure
Update: closed trade at 100, 40 pips loss.
Technician Technician
your SL is hit
Yeah here stopped out, but my position is still running at my trading platform, low was at 99.71!!!
Technician Technician
I trade WTI Futures, not CFDs, actually the lowest price recorded at different brokers was 99.71 today. I use CFDs here as an illustration of the trade because tradingview doesn't provide intraday time-frames for futures yet.
forex91 Technician
in FXCM trading platform 99.70 was the lowest price but you are right there is some brokers different price between their platforms , but as over are situation is bearish because oil hit and broke BB lower Band and ichimoko too , down weekly pivot point and Daily time frame just above the S1 level . may be after sunday price go down to 98.38 which is weekly S1 level.
forex91 forex91
in 2 hour time frame ( BB & ichimoko )
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