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Nezah
Aug 1, 2017 5:25 PM

Bought the dip on oil today Long

Crude Oil (WTI)FXCM

Description

Perfect technical bounce / dip buy as we back-tested a significant down-trend line from April 12th, 2017. Locked in 2.5% with UWT instrument with stop losses on this bounce so far. Expecting volatility in the coming days, but there's still no down trend established until we have a lower high and a lower low. While today has certainly satisfied a "lower low" prerequisite for trend change, hold your bear-bias as it was expected after so many green days.

Support and resistance clearly marked here. Zoom out if its too choppy for you :)
Comments
sorinelp
Ggggggg
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