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syedzohaibzaidi

WTIUSD Bullish trend- Higher Probability for Long

Long
CFDs on Crude Oil (WTI) (FOREXCOM:USOIL)  
syedzohaibzaidi Updated   
FOREXCOM:USOIL   CFDs on Crude Oil (WTI)
Support and Resistance Trend Lines Cup And Handle
2
0
supportandresistance trendline cupandhandle
There is no divergence in the rising trend between the price and candle sticks. The chart is making proper cup and handle and there are wider chances that it will break the entry point and hit the first TP. The chances of TP2 will be revisited again by analyzing the DOW theory of HHs and HLs, if there will be any divergence then we will opt for a different strategy and play the chart.
Trade active:
Earned +2K in 4 days so it was a healthy trade. Keep it going fellows.
Trade active:
It has completed its harmonic cycle there are grave chances that it will bounce back, however, we need to keep an eye on the divergence.
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