Oil breached the strong support area at 51,50 area that should act as support now. Buy the retest on that level which happen to also be at 0,618 fib. level.
Like if you agree, follow and support please!
Like if you agree, follow and support please!
Note
Price getting near the kill zone now, but we have also todays news. So here you have two ways to play it. Or watch price action after the news events.Trade active
I entered based on bounce from 0,786 fib level.Note
This trade went against me from the start :) But you have to trust your plan! If i get a close above 51,50, i'll add more.Note
It is performing well now!Note
Patience is the name of this game! Happy pips for those who took this one with me!Note
We still doing great on this trade and making higher highs and higher lows. Starting to trail my SL now. Note
Oil couldn't make a new higher high now, and looks struggling a bit. Here is my new SL level. That's about 230 point and is a very good reward if it will get triggered :DTrade closed: target reached
Trailing Sl hit 230 pips for this monster one!Note
Ow boy we went out just in time on this one :)
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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.