LONG Oil move in an upward channel
Updated
Following through with the previous analysis to SHORT oil, the TP has been hit and the reverse move in the LONG direction is setting up. Going long if the 4Hr candle fails to close below the lower range of the channel. Entry will be 55.60 TP: 59.60 SL: 54.60 Risking 100points to Target 400points. If you enjoyed the ride down with me then you definitely will love the upward movement.
Trade closed manually
Cashed out first sets of profit of 100points. Waiting for a retracement to 56.20 and I resume my long position.
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