Very very important Channel in Oil_ pay close attention to it.
I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember about risk management. You can use green trendline as a stop line - if price dive below of it - very bearish sign. I suppose we really could see 35-38 level in Oil as a middle of the bottom part of this channel or 30- as a bottom of the channel. Be careful! Good luck everyone!
My longterm view:
My longterm view:
Note
Price is also at the middle of a short-term descending channel. Nice level. Trade active
Trade active
Trade closed manually
Look on Oil outside the trade until the dust settles.Trade active
Trying to long again. Will see if it is good decision or not.Note
looks good. hope for the best. Trade closed manually
Don't rise still. :( Wait and look a dynamics outside of a trade.Note
No positions in Oil.Trade active
Trade active
Trade closed manually
Trade active
Trade closed manually
a poor dynamicsTrade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade closed: target reached
Order cancelled
The dangerous asset. A rigorous risk management is mandatory.
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