xChampi0nx

Is oil a long?

Giá lên
TVC:USOIL   CFDs Dầu thô WTI
Hello traders
Hope all is well and welcome to september. Gold is doing well. There are some good opportunities this week.

Let's take a look at oil. Again keeping it simple is the key.

Weekly is forming a doji at key support level. Price is in cloud. Macd is crossed up but chikou is below price.

Daily is above kijun and above cloud now but we need to see the today's close. Macd is crossed up. Chikou again hitting past candles.

I took 0.5 unit long and on next pullback on daily once chikou confirms, i'll add more. If it doesn't work, then it will be just a small loss.

Let's see how this one plays out.

Keep an eye on SPX as weekly macd is crossed down still and GBPUSD. I am not trading EURUSD till the event risk . EURUSD weekly kijun is flat and far from price. Can see consolidation/pullback .

Any feedback is welcome. If you want any me to post about any other pair, let me know.

Thanks guys.

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