USOIL, Tradingroom
Updated
Posted at 9:39 am 9/11
Comment
WTI, USOIL +172 pipsAbsolute perfect trade with no drawdown and up +200 pips in just under 4 hours. One half of this position was closed in profit at +197 pip and the remaining will ride floating.
Market sentiment is majority long, with over 80% retale buy positions. By playing on the market markers side we can continue to let this deteriorate and fill the liquidity of the bulls being stopped on the way to our target.
Look for news events to be a catalyst that will drop price below the current bottom of consolidation at 55.77
Downside target of 53.63 remains.
Trade active
Comment
Less than 40 pips from the final target.The key level of 54 held, and I suspect some consolidation. 75% of this position is now closed at +376 pips.
Trade closed manually
USOIL, WTI Trade Closed 100%, +376 pipsWell done to those that took this trade with us.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.