US OIL*
CL1!
has formed the major bearish Wolfewave.
RSI Divergence on Daily/H4/H1 along with consequently lowering volume may signify the upcoming trend change:
With the SL slightly above the recent peak and potential TPs laying much lower, the risk/profit ratio makes this sell quite an attractive opportunity.
Opened 6 lots at 49.81/49.91, SL 50.82. TP1 47.26 TP2 40.92
CL1!
has formed the major bearish Wolfewave. RSI Divergence on Daily/H4/H1 along with consequently lowering volume may signify the upcoming trend change:
With the SL slightly above the recent peak and potential TPs laying much lower, the risk/profit ratio makes this sell quite an attractive opportunity.
Opened 6 lots at 49.81/49.91, SL 50.82. TP1 47.26 TP2 40.92
Trade closed manually:
After accumulation phase, the price broke 1-3-5 line supported by early solid bullish volume spikes.Technically, the price is still in SZ of the wave, but until good confirmation of reversal of current up move, caution is advised.
The positions were closed around breakeven point the previous week due to technical issues and lack of opportunity to keep an eye on the market.
The positions were closed around breakeven point the previous week due to technical issues and lack of opportunity to keep an eye on the market.