Oil Long Setup (refer to the trade marked with "2")
π΅ Entry: $62.24
π’ TP & RR: $64.55 (2.69)
β Stop Loss: $61.38
Trade Reasons:
βοΈ Support Level
π A very basic setup relying on a support bounce. I still believe that we need to reach the 1.618 level before price reverts (the setup posted yesterday and marked with "1"). In the meantime I want to take advantage of the move up (if I even get a fill), but my position will be much smaller than usual due to the last trading day of the month.
π΅ Entry: $62.24
π’ TP & RR: $64.55 (2.69)
β Stop Loss: $61.38
Trade Reasons:
βοΈ Support Level
π A very basic setup relying on a support bounce. I still believe that we need to reach the 1.618 level before price reverts (the setup posted yesterday and marked with "1"). In the meantime I want to take advantage of the move up (if I even get a fill), but my position will be much smaller than usual due to the last trading day of the month.