WTI could resume upward movement
The bearish trend is still dominant and we have had a clear downward trend. There has been some consolidation since last Friday and a bounce may be due soon.
Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session.
Considering $79.50 as the profit target, with a stop-loss at $77.50.
CL1!
Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session.
Considering $79.50 as the profit target, with a stop-loss at $77.50.
CL1!Note
No trade entered yet as the initial move since this idea is in the opposite direction. Will wait further for trend reversal to buy.Trade active
Went long at 77.10.Trade active
Moved stop loss to 78.30 that should protect $1.20 of the profit. Take profit target still at 79.50Trade closed manually
Closed at 78.90. $1.80 locked as profit. It is time to stand aside now until tomorrow.Trade closed: target reached
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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.