A great opportunity to go Long OIL
Atualizado
After a huge drop in OIL price, recently this market has been forming an inverted H&S on daily Timeframe. The nearest major resistance is at 62. Whether it can reach to 62 or not, depends on USD and CAD as oil price is positively correlated to CAD and negatively to USD.
If the neckline breaks on OIL market we should be able to see USDCAD flag formation to be broken down too.
If the neckline breaks on OIL market we should be able to see USDCAD flag formation to be broken down too.
Nota
Opportunity to add at 53.69 where most of the sellers SLs are ...!Trade fechado: objetivo atingido
Closed with 169 pips of profit As you can see trade opened at 52.74 and closed at 54.44
Thanks for following,
Khan
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.