Here is a trade on crude oil. Very simple, an inverted H&S pattern with a bullish divergence on the RSI and Stoch.
Will wait for the right shoulder to fully form.
Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more.
TP targets:
1 - 58.10
2 - 63.8
3 - 65.7
Stop loss at: 49.5
Will wait for the right shoulder to fully form.
Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more.
TP targets:
1 - 58.10
2 - 63.8
3 - 65.7
Stop loss at: 49.5
Note
Changed neckline break to 54.7 and stop loss to 49.4
Trade closed: target reached
First target was hit.
Big ooft
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.
Big ooft
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.