The congestion is clear in H1 chart, the price $64.64 is present Resistance (also, this level is the past Longterm-Support from June 2018 - October 2018, until it was be broken in early November).
In my shortterm trading view, a breakout that above this Resistance will be a good signal for Buying. In this case, putting a stop-loss that below the Rectangular's bottom can be a proper stop.
In my shortterm trading view, a breakout that above this Resistance will be a good signal for Buying. In this case, putting a stop-loss that below the Rectangular's bottom can be a proper stop.
Nota
2:00 AM, April 18 2019WTI price is in the congestion (I use the H1 Chart).
In my own opinion, it's a little dangerous for place an order (either Long or Short). I'll waiting until the price reach either Support or Resistant Level for next step.
Trade attivo
[H1 Chart] April 22nd 2019, 1:30AMA breakout for short-term Bull, and New High has been created from early November 2018.
My Buying-Stop-Order has been actived and The Stop-Loss is below the Old Resistance.
Nota
[H1 Chart] April 22nd 2019, 11h45 PMWTI have been reaching New High from early Nov 2018, after creating a small congestion. It's time for my trading system to raise Stop-Loss that beyond 1st Get-In Point and below new Support Level. Also it's time my 2nd position is actived, it's Stop-Loss is the same level with the old Stop-Loss.
Nota
I exit all positions due to the price reaach Stop-Loss, and waiting for confirming the next trend.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.