Looking for it to bounce to its moving averages then continue its move downwards
Entry: $58.10, SL: 58.40, Target 56.90
Could convert to a larger trade. but for now i'm trying to stay disciplined and focus on shorter term. The swing trade i have was published in other post where I noted oil could go back up to $60 before turning down.
Trade closed: stop reached
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entry and stop reached for a loss. hourly candle is a huge wick.
Oil's been quick volatile and i've been having a hard time managing it - i.e. getting stopped out on one of these spikes.