WTI Oil crossed over the Falling Resistance today and is establishing the price action over the MA50 (4h).
On the previous bullish leg to Resistance (1), the price had one last pull back before extending the rise.
Trading Plan:
1. Buy when the RSI (4h) gets 40.00 again.
Targets:
1. 76.00 (the MA50 (4h)).
Tips:
1. The ultimate long term Resistance is the MA200 (1d), which last time rejected Oil at 83.50. Right now is at 81.00 and declining.
Please like, follow and comment!!
Notes:
Past trading plan:
On the previous bullish leg to Resistance (1), the price had one last pull back before extending the rise.
Trading Plan:
1. Buy when the RSI (4h) gets 40.00 again.
Targets:
1. 76.00 (the MA50 (4h)).
Tips:
1. The ultimate long term Resistance is the MA200 (1d), which last time rejected Oil at 83.50. Right now is at 81.00 and declining.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.