Descending Channel coming to an end, Price has been respecting the channel twice, approaching for the 3rd touch to validate a Long term Buy Opportunity on OIL, again we wait for the market and its reactions. Note : We are seeing it in the Monthly Time Frame, you might want to check lower Time Frames Before Jumping to a Trade. Trade Safe.
bullish reciprocal abcd pattern. stop and tp are shown on the chart
Wti Long term view look for long Thanks
With the start of the Coronavirus epidemic, demand for oil is declining and it is expected that the decline in demand will further damage the oil market.
Buy limit usoil Entry 1 45.86 Entry 2 44.68 Sl 44.00 Tp.1 46.86 Tp.2 47.86 Tp.3 49.86 Tp.4 52.86
Buy usoil Entry 1 50.86 Entry 2 50.42 Sl 49.10 Tp.1 52.20 Tp.2 53.40 Tp.3 54.68 Tp.4 56.00 Tp.5 57.80
Buy usoil Entry 1 51.08 Entry 2 50.48 Sl 49.10 Tp.1 52.20 Tp.2 53.40 Tp.3 54.68 Tp.4 56.00 Tp.5 57.80
True, this is a signal that goes against the current trend and therefore the risk is higher but the above support line $ 50.8 cannot be ignored. The RSI has reached the bottom possible, a necessary price correction. Stochastic shows that USOIL in Oversold. Target: $ 54 In case of break of the above support line the signal is canceled.
Long term buy Us oil near 51.50/50.00 sl below 46.30 Target 67.00 / 76.00 just Trade with proper money Mangement Thanks
SHORTING USOIL XTIUSD TP 1 100 PIPS TP 2 500 PIPS TP 3 1000 PIPS TP 4 OPEN To get involved with mentorship or get more trade ideas; contact me. hvxsan@gmail.com
USOIL - SELL - SHORT STOP LOSS & TARGETS AT THE CHART !!
USOIL SELL LIMIT ENTRY 1 58.30 ENTRY 2 58.58 SL 58.88 TP.1 57.68 TP.2 57.03 TP.3 56.40 TP.4 55.76
Oil is good to buy if support at 50.97 holds, target on chart...
USOIL currently playing nicely within weekly triangle, being supported by MA50, next MA 200, if broken target mid 40s
as long as I closed my short now looking for a long trade :) both bullish bat's and bullish butterfly's PRZ are same