US Oil is grinding down into previous HTF support, and is in a zone where a decisive pivot back to upside has a good chance of playing out.
Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.
Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.
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Trade now scratched at Entry (my brokers prices...not those shown on TV FXCM)
Set Target to scratch.