Strictly Technical WTI Channel In Play //
STOCH SIGNAL // Bullish start H1/H4 // Oversold conditions
GMACD // Trend/UP Medium M15/M30/H1/D1/
Very strong downtrend for WTI and if breakouts of channel we will look to short Crude Oil but if we get a bounce from this upwards channel we can take a position going long to 48-49. I will update this Idea if I find a valid setup.
STOCH SIGNAL // Bullish start H1/H4 // Oversold conditions
GMACD // Trend/UP Medium M15/M30/H1/D1/
Very strong downtrend for WTI and if breakouts of channel we will look to short Crude Oil but if we get a bounce from this upwards channel we can take a position going long to 48-49. I will update this Idea if I find a valid setup.
Note
Trade active
Trade active
Note
49-52 right around the cornerNote
still holding on to profitsTrade closed: target reached
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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.