a.b

Breakout opportunity on WTICOUSD

OANDA:WTICOUSD   West Texas Oil
A breakout opportunity is forming on the WTICOUSD.
The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s.
The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming.

Remember to be patient and always check confirmation from the indicators!
Comment: Moving as expected
Comment: When the price broke out there was no concurrent Sentiment Index breakout so it was NOT a buying opportunity! For the same reason, it soon became a very nice selling opportunity when reaching the resistance identified by the Levels & Zones indicators. In fact, it turned out to be a fantastic profit.
Trade closed: target reached:
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MORE INFO ON THE INDICATORS

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Comments

08/01/2020 WtiOilUsd Resistance Level was set at 65.40 - Proceeding Lower Support Level is set at 56.93
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WtiOilUsd Resistance Level as 57.60 added gap higher if price gets there is 58.17 Pivot Point - Turning Lower - Target Low 47.97
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a.b UnknownUnicorn5176330
@UnknownUnicorn5176330, Thanks for your view. I'm interested in the breakout rather than on movements within the range highlighted in my idea.
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@a.b, breakouts same thing bro.
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a.b UnknownUnicorn5176330
@UnknownUnicorn5176330, Nope, because you could have fake breakouts which are actually pretty frequent. This, instead, is a very specific setup that happens on breakouts.
If interested, you can read more in the following educational idea I published more than 1y ago.
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@a.b, So your saying that you are Accurate to One Pip - My false breakouts or draw-down as you are calling them is within 13 pip at Overvalued state.
Ask Anyone i`ve not been wrong yet - I progressively follow the index at Consolidation Level until i arrive at a point where it can be traded. Consolidation is not a problem all the time for me - You know this - if not look at my past results at trading ideas. When i arrive a the correct level i inform my users and followers at once as so they can made a decision to trade my live call it interested within the set-up provided - I do not focus people or investors to trade unwillingly.

And where do i obtain this book of yours - I must read it through if i am doing something wrong - to wards improving my results.
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a.b UnknownUnicorn5176330
@UnknownUnicorn5176330, What I look for is multiple confirmations from indicators I tested and refined myself for many years.
You just have to click on the chart above.
Reply
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