WTI Crude Oil had a heavy rejection on the MA50 (1d) that broke today Support (1).
The selling can extend beyong Support (2) before we get a new buy signal on the (1d) time frame.
The long term pattern remains a Channel Down and every MA50/100/200 (1d) test is a sell opportunity.
Trading Plan:
1. Sell on the current market price.
2. Buy at 66.00.
Targets:
1. 66.00 (Fibonacci 0.1 as it happened on January 5th, a similar fractal).
2. 75.00 (the MA100 (1d)).
Tips:
1. The RSI (1d) is under its MA level, which is exactly what happened on January 5th on the short term Low. If the RSI crosses back above its MA, it will be a confirmed buy signal.
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Notes:
Past trading plan:
The selling can extend beyong Support (2) before we get a new buy signal on the (1d) time frame.
The long term pattern remains a Channel Down and every MA50/100/200 (1d) test is a sell opportunity.
Trading Plan:
1. Sell on the current market price.
2. Buy at 66.00.
Targets:
1. 66.00 (Fibonacci 0.1 as it happened on January 5th, a similar fractal).
2. 75.00 (the MA100 (1d)).
Tips:
1. The RSI (1d) is under its MA level, which is exactly what happened on January 5th on the short term Low. If the RSI crosses back above its MA, it will be a confirmed buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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! 💰
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.