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!
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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📈 MINIMALIST TRADING INDICATORS
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos (YouTube): bit.ly/MT-Channel
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