cheminacci
Long

Countertrend Bullish Butterfly with Low Risk

NYMEX:CL1!   Light Crude Oil Futures
The Potential Reversal Zone on this butterfly pattern is right above a previous major low. Because of this the risk is tiny compared to the reward. (1:10 for target 1), (1:18 for target 2). Entry at 27.74. Stops below 27.56. Potential targets at 29.95, and 31.37.
Comment: Structure broken.
Trade closed: target reached
Trade closed: target reached: Target 2 hit.
I realize that I mapped this out incorrectly the fist time. Oil went down to the 1.618 X-A inversion and 1.27 retracement
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Like a boss
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cheminacci taychan.martin
Yep!!! Lol
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