Crude oil bears pounce again and enter the 3-5 wave
Judging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave.
Suggestions:
1. Go short at $67.20, stop loss 30 pips, take profit $64.80.
2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66.
3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
Suggestions:
1. Go short at $67.20, stop loss 30 pips, take profit $64.80.
2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66.
3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
Trade active
The only purpose of trading is to make money. Our weekly profit is more than twice the principal. I think this is more than many people make from part-time jobs. But I also want to remind you that trading is risky and you must have reasonable risk management skills. If you don't understand, you can click on my link and I can help you.
Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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.
Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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.