West Texas Oil
Short
Updated

OIL, can make pullback down to $50 (key buy zone)

1 766
I will open Sell if there will be a fake broke of $53.19 and H1 will close under that level

- Price broke down a key level $53.95
- H4 candle close under it.

If OIl will move down to $50, there could be a great entry with a goal $55 or $ 57.
Note
the best scenario for OIL
snapshot
Note
$51.10 is a good goal
snapshot
Note
Price near a key level
Wait on confirmation
Trade active
Note
snapshot
Note
Price moved 60 pips down.

Close 25% of the position
Move S/L to $53.39
Note
Price moved down 110 pips. We can close half of position
Trade closed: target reached
closed whole position with profit

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.