EvanJones

Triangle Breakout

Short
FX:USOIL   CFDs on Crude Oil (WTI)
168 views
6
Here Oil has been ranging upwards for sometime on positive OPEC compliance, however the triangle formation indicates ab reak to the downside and has been confirmed by the breakout.

I've drawn in the arrows to indicate that when a breakout occurs, await for a retest to what was previous acting as support and is now acting as resistance. Oil shorts now in play with a target of the 50 price area. Stops above the recent high.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter