CFD Trading Journals and Entry Signals - USOIL Only
Hi Friends, Today i will starting dropping journals on a new pattern formation that have been confirmed. Refer to the picture below for a clear view. As seen above, price movement have confided in a triangular pattern creating 2 possible break outs (BO). BO at 20.525 means bulls win, while BO at below 18.240 means the bears have it. Nonetheless, i see a strong downtrend and below are my reasons Price is currently ranging below the daily pivot (yellow line) Price is below SMA20 and SMA50 The price is currently trading at the top of a channel, and considering the features above, the price will at least drop to the lower-third of the range(see image below). Entry Signal:- USOIL/LIGHT CL/CRUDE LIGHT(CL)/OILUSD - Different names for different brokers Sell below 18.240 Target before 15.900 SL 20.500 Follow my signals for free or paid at MQL5
