A descending channel that formed on the US Oil (WTI) on a 4-hour timeframe offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. Stop-loss is to be set to the low of the breakout candle (not shown on the chart).
Trade geschlossen: Stop wurde erreicht:
SL of 64.77 reached today at 13:46 after opening at 65.23 at 13:10.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.