US Oil Double Divergence Counter Trend Long.
Updated
US Oil is grinding down into previous HTF support, and is in a zone where a decisive pivot back to upside has a good chance of playing out.
Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.
Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.
Note
Showing too much interest to the downside.Set Target to scratch.
Note
Trade now scratched at Entry (my brokers prices...not those shown on TV FXCM)
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