FX:USOIL   CFDs on Crude Oil (WTI)
Hello Traders

Hope everyone had a profitable week. Before you start your lovely weekend I would like to share a nice possible setup on WTI with you all.

We can short sell USOIL after confirmation of the breakout.

Traders who agree with my idea can take entries according to their own trading style but don't risk more than 1% on this trade.

Have a great weekend!

Comments

isnt that an ascending triangle, though? which indicates an upward move?
+2 Reply
Samfx07 willharper
@willharper Yes ascending triangles are known for continuation of bullish trend but fundamentals for Q4 are not supporting increase in prices which means if it breaks above we may see consolidation up to end of December and buying at this price will not give you a good trade. In this case I would take the traders favourite position 'sit back and watch'.
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willharper willharper
@Samfx07 I haven't looked at fundamentals to be honest, purely just looked at the chart you put up in front of me, but cool :)
Reply
Samfx07 willharper
@willharper Not to worry, thanks for asking you have asked the right question which will help other people as well to understand the chart :)
My idea was to trade only if it breaks down otherwise avoid.
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I was short... ho my SL hit
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sir can we go for sell now?
market is running on 42.90
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Samfx07 saqi060
@saqi060, Look for sell around 43.80 if you find a nice setup, thanks.
+1 Reply
saqi060 saqi060
thanks
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aoa sir how are you?
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Samfx07 saqi060
@saqi060, W.Slam I am good, thanks. How are you ?
+1 Reply