Good morning traders
Monthly timeframe- I noticed that XTIUSD/ USCrude Oil is currently overbought on the RSI furthermore we see this month's candle rejecting on our resistance level. The massive resistance signals that we will open the next month bullish however the month of April will close bearish. Following the successful double bottom trade we took, I now anticipate a retest on the neckline of our double bottom before we return on our bullish rally. I am now placing a sell stop to take my profits in the three listed prices.
Monthly timeframe- I noticed that XTIUSD/ USCrude Oil is currently overbought on the RSI furthermore we see this month's candle rejecting on our resistance level. The massive resistance signals that we will open the next month bullish however the month of April will close bearish. Following the successful double bottom trade we took, I now anticipate a retest on the neckline of our double bottom before we return on our bullish rally. I am now placing a sell stop to take my profits in the three listed prices.
Nota
TP1 HITNota
TP2 HITNota
TP3 HIT
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.