watching oil for a long.
need a slight pullback/retracement with price action showing signs of decelleration as we tap the 382 fib level.
If these confluences are met I would be confident in a long position as shown with the arrows for a good risk reward.
need a slight pullback/retracement with price action showing signs of decelleration as we tap the 382 fib level.
If these confluences are met I would be confident in a long position as shown with the arrows for a good risk reward.
Trade active
Note
Stops moved to break even letting full position run overnightNote
TP1 57.94TP 2 60.83
Trade closed manually
profits taken after nice pa tap 1.681 extensionNote
i am now short oil.Note
should have stayed long
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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.