WTI Crude Oil is approaching the MA50 (1d) again, the 3rd time this month and fourth since May 24th.
All tests have resulted in rejections and another one may confirm the emergence of a Channel Down.
A closing above it though, targets the MA100 (1d).
Trading Plan:
1. Sell near the MA50 (1d).
2. Buy if we close a candle above it.
Targets:
1. 67.15 (previous Low).
2. 73.50 (the MA100 1d).
Tips:
1. The RSI (1d) is trading inside a Rectangle. Its bottom is a buy opportunity and top is a sell. Use this in combination to the above.
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Notes:
Past trading plan:
All tests have resulted in rejections and another one may confirm the emergence of a Channel Down.
A closing above it though, targets the MA100 (1d).
Trading Plan:
1. Sell near the MA50 (1d).
2. Buy if we close a candle above it.
Targets:
1. 67.15 (previous Low).
2. 73.50 (the MA100 1d).
Tips:
1. The RSI (1d) is trading inside a Rectangle. Its bottom is a buy opportunity and top is a sell. Use this in combination to the above.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
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! 💰
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.