watching oil for a long.
need a slight pullback/retracement with price action showing signs of decelleration as we tap the 382 fib level.
If these confluences are met I would be confident in a long position as shown with the arrows for a good risk reward.
need a slight pullback/retracement with price action showing signs of decelleration as we tap the 382 fib level.
If these confluences are met I would be confident in a long position as shown with the arrows for a good risk reward.
Trade active
Comment:
Stops moved to break even letting full position run overnight
Comment:
TP1 57.94
TP 2 60.83
TP 2 60.83
Trade closed manually:
profits taken after nice pa tap 1.681 extension
Comment:
i am now short oil.
Comment:
should have stayed long