US OIL - As you can see on the chart, we have a clear inverse head and shoulders, we don't have a break yet which is definitely what is needed before considering a buy here.
We would want to see a daily close above the neckline and a pullback to test the neckline as support on the lower time frames such as the H4 / H1.
This looks bottomed out and OIL is presenting a high probable technical set up.
Always remember your risk management, the probability of a win here is large, yes the stop seems tight but a break back below the neckline would fail the set up and would see us cut losses a lot earlier.
Active trade management is super important.
We would want to see a daily close above the neckline and a pullback to test the neckline as support on the lower time frames such as the H4 / H1.
This looks bottomed out and OIL is presenting a high probable technical set up.
Always remember your risk management, the probability of a win here is large, yes the stop seems tight but a break back below the neckline would fail the set up and would see us cut losses a lot earlier.
Active trade management is super important.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.