USOIL - Wedge breakout in progress.
Price have broken out of a falling wedge pattern after a failed break to the downside during fridays NY session.
Order is placed on the 61.8% retracement of this impulse leg with a SL below fridays low.
The area we are bouncing from is also the daily Ema 50 for Oil so that is a nice little confluence to help me put the odds in my favor.
Order is placed on the 61.8% retracement of this impulse leg with a SL below fridays low.
The area we are bouncing from is also the daily Ema 50 for Oil so that is a nice little confluence to help me put the odds in my favor.
Trade active
FilledTrade closed: stop 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.