OIL Trading Plan

Pattern: Channel Up on 4H (inner/ blue and outer/ black lines).

Signal: (A) Buy as long as the 4H MA200 is holding, (B) Sell if the 4H MA200 breaks.

Target: (A) 42.00 (just under the Higher High trend-lines of both Channels), (B) 37.50 (just above the Higher Low trend-line of the inner (blue) Channel Up).

Most recent Oil trade:

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Tradingview link:

https://www.tradingview.com/chart/USOIL/t4xxhFus-OIL-Trading-Plan