USOIL - Beginners Technical Chart

We don’t know what direction the breakout will be, but we do know that the market will most likely break out. Eventually, one side of the market will give in. We can place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves.

Note

Trade closed: target reached

First target hit @ 71.39

Trade closed: target reached

Trade closed manually

Abdul_B

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