USOIL. Bearish Butterfly forming at key resistance

FX:USOIL   CFDs on Crude Oil (WTI)
Looks like there will be one more leg up for oil . It tried to break a key resistance this morning and failed for now. I will open a long position at 47, targeting 48.60, with SL below at 46.50.

I also expect a rebound in EURUSD and then will join shorts again
Comment: Just to add that. after my long target is reached, I will take a short at 48.60 with a SL above 50 and first target at 45
Trade active: Didn´t want to go to 47 so I opened a long position at 47.25. I will probably end giving these 25 pips to the market later but as soon as it gets to my 48.60 target, I´m happy
Trade active: Oil long to breakeven. Closing long at 47.25, leaving only one long I added at 47.05. Beware of Inventories in 1 hour. Can go down, take all stops and shorts and bring them up
Trade closed manually: Pattern invalidated. Longs closed at breakeven. Waiting now...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out