DLavrov
Long

Where is the second entry point for Oil?

FX:USOIL   CFDs on Crude Oil (WTI)
249 0 14
The first entry level for Oil             was when price bounced from MA100. Price moved higher with MACD and RSI confirmation. It was not clear exactly, was it a beginning of new up trend or not? But prices moved higher and closed above MA20. The high of the day will be the second entry point for those, who waited for more confirmations. Now we have MACD and DI confirmation for long trades. Weekly chart also shows that it's time for buying.
Trade active: The 1st trade opened after price reversal from MA100, it could be closed with profit. The 2nd trade could be closed near Profit Level.
Trade closed: target reached
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