Crude Oil Technical Analysis and Trade Idea
Pair / Instrument: CRUDE OIL
Time Frame: H1
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BEARISH
Description: Crude Oil moved above BUY area Ichimoku Cloud. We have bearish swan at 69.41 and bearish shark at 69.93.
Trade Based On: ICHIMOKU AND TL Breakout
Stop Loss: 68.50
Take Profit 1: 69.40
Take Profit 2: 69.90
Notes: If the trade works as predicted we will close 50% of the positions at 69.40 and move SL to entry. If the trade reaches the second target, we will take our profit and look for a short opportunity based on bearish shark.
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
CRUDE OIL Trade Idea Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility