Long
USOIL Long Trade Setup
Hello Traders
The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger correction. Otherwise, I'll close my trade around BE. If you want to take a long trade, I think a small correction over the purple trendline will be a good trade setup.
Trade with care.
Bulent
The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger correction. Otherwise, I'll close my trade around BE. If you want to take a long trade, I think a small correction over the purple trendline will be a good trade setup.
Trade with care.
Bulent
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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.