Hi Traders! Oil Intraday buy setup update and follow up is here. On April 21st I shared this “Oil Intraday Buy Setup” post in trading view. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!
My Idea
Based on the above mentioned analysis my view was bullish here and I was expecting the price to move higher further until the uptrend line holds. The price action followed my analysis as I expected it to. The price which was moving lower created a false break of the uptrend line and then it moved higher further and provided an amazing move to the upside.
(Note: You can learn about a Killer Forex Strategy “Double Trend Line Principle” here)
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To your success,
Vladimir Ribakov
Certified Financial Technician
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