XABCD Butterfly pattern has been drawn on price chart.
Three White Soldiers appeared signaling an upward break out for the final leg of CD.
Just wait till breakout confirmation once previous LH is breached.
Keeping Stop Loss at previous prominent HL of leg AB, my trading values are mentioned on the chart. Taking 2 trades with 1:1 and 1:2 risk/reward ratio.
Three White Soldiers appeared signaling an upward break out for the final leg of CD.
Just wait till breakout confirmation once previous LH is breached.
Keeping Stop Loss at previous prominent HL of leg AB, my trading values are mentioned on the chart. Taking 2 trades with 1:1 and 1:2 risk/reward ratio.
Note
As analyzed yesterday, previous LH has been broken. Hence my trade entry has been triggered.Note
Price going downwards, not as expected. Historically Oil prices stay in upwards trend in June & July, therefore, can't figure out why is the price going down.Note
Finally from 5th June the trend has started moving as per my expectations.
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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.