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
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
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