Long

USOIL - Possible Cup and Handle Pattern

Updated

USOIL chart almost similar to GBPJPY Cup & Handle that already successful. I want want to wait for breakout before making entry. I normally refer to H4 for entry setup. Hope can make another profit with this pattern on USOIL.
Short term target at 51.75
Mid term target at 55.00
H4 chart :-

Note

USOIL is moving according to prediction. Happy trading.

Trade closed: target reached

All targets reached. Simple trading strategy works successfully.

Note

Just reviewing the study on the strategy.
Current price reached highest level of target box.
Thanks.

AdamIdris

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