A trading opportunity to buy in WTI
West Texas Intermediate Crude Oil
Midterm forecast:
The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 54.65 on 12/04/2018, so more losses minimum to Buy Zone (51.30 to 49.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 39.
Trading suggestion:
Price is in the support zone (51.30 to 49.50), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (51.30)
Ending of entry zone (49.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 54.35
TP2= @ 56.00
TP3= @ 58.05
TP4= @ 59.90
TP5= @ 61.85
TP6= @ 63.90
TP7= @ 66.50
TP8= @ 76.75
TP9= Free
Midterm forecast:
The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 54.65 on 12/04/2018, so more losses minimum to Buy Zone (51.30 to 49.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 39.
Trading suggestion:
Price is in the support zone (51.30 to 49.50), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (51.30)
Ending of entry zone (49.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 54.35
TP2= @ 56.00
TP3= @ 58.05
TP4= @ 59.90
TP5= @ 61.85
TP6= @ 63.90
TP7= @ 66.50
TP8= @ 76.75
TP9= Free
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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