Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario
Take profit, better to put on the resistance line. Stop loss by lowest candle.
IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit!
Oil and stocks you can trade on this crypto exchange: bingx.com/invite/E6RCUFJT
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario
Take profit, better to put on the resistance line. Stop loss by lowest candle.
IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit!
Oil and stocks you can trade on this crypto exchange: bingx.com/invite/E6RCUFJT
Trade closed: target reached
The target reached fast. Congrats to all who was trade!
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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.
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.