Trading 1#: Trading setup for UK oil next week

FX:UKOIL   CFDs on Crude Oil (Brent)
Oil             rebounded strongly from last Thursday. From EW theory the rebounded waves will most probably be a 535 zigzig correction wave. The rebound is so strong that the correct wave might last for at least one week.
Trading setup:
Pending long order at around 30.9
SL at 28.9
TP at 36.1
Good luck for me!
Order was triggered.
+1 Reply
zhipengcfel zhipengcfel
Half position was closed. The SL of remainig position was set to 32.1 to keep the profit.
+1 Reply
zhipengcfel zhipengcfel
It nearly touched the TP level. I closed the remaining position. Happy trading!
+1 Reply
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