Oil has broken the trendline and if this 4H candle can close above we have a buy opportunity (ONLY!) if price pulls back to 51.83.
With the target at 54.00 (resistance and 200EMA at the 4H) and a SL around 51.00 this will give us a nice 2.5 RR.
Never risk more than 1.5% of your capital!
Good luck!
With the target at 54.00 (resistance and 200EMA at the 4H) and a SL around 51.00 this will give us a nice 2.5 RR.
Never risk more than 1.5% of your capital!
Good luck!
Comment:
Price managed to close the day above the trendline, let's see what next week brings :)
Trade active:
Trade closed: stop reached