The oil price fallen drastically and now price has crossed the trendline but has not crossed the cloud , price within the cloud and possibly may break resistance . Since it’s at support you can buy with very small stop loss .
Trade active
Note
Move SL to breakeven Trade closed: stop reached
Closed with minor loss Note
trade lesson: Unless price cross the cloud donot long but anyway we had very minor SL. no worries.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.