Going long in Schlumberger SLB

Hello Traders


Schlumberger SLB - NYSE.

Broadening Wedges Ascending

Trend : Upward.
Formation : Broadening Wedges Formation (In Progress)
Possibility : Bullish continuation
Probability to hit tragedy: 69.00%

Trade Plan.

Long / Buy Trade.
Entry Level above the red support line @ 46.17
Take Profit - Below the 4 hour support zone @ 61.50
Stop Loss at the support level red line @ 41.80
Trail Stop loss on support level as trade progresses.

TP = Total PIPS in gain = 15.33 Profit 33.37%
Total PIPS in Stop loss = 4.37 Loss 10.94%

Regaards,