Both trades did as expected. with Oil doing a stop hunt before going up. Both Poasitions are now in Profit. Will Leave them open for a while until we shit our TP levels above 90 for oil.
We have a good setup in OIl that is offering 1:7 RRR. Perfect entry will be on 61 Fibo Retracement or BPR underneath or any FVG. Disclaimer: Not financial advice. Do your own analysis
Looking at oil and gold as they enter major zones. the idea is to be patient and be ready for a trade set up going into tomorrow
Oil is moving higher in a $10-20 channel for the past 3 months. The respect of the downside trendline support in the past few weeks has led to a reliable rally if we hold lows. The similar situation on the topside with multiple rallies above 110 failing in recent weeks. The current strategy is to follow Oil from downside to topside support and resistance and...