DLavrov
Long

WTI and Bullish Divergence

FX:USOIL   CFDs on Crude Oil (WTI)
243 0 26
Price and MACD lines formed bullish divergence . At the same time we have falling ADX line which confirms that down movement is not so strong. Probably the down trend is over and we can try make some profit on this trend reversal. Entry level for long trades is above 43.80 with stop below 42. We should place take-profit orders near Moving Average with period 100 or use trailing stop for exit.
Trade closed manually
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