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zhipengcfel
Jan 23, 2016 8:41 PM

Trading 1#: Trading setup for UK oil next week  Long

Crude Oil (Brent)FXCM

Description

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!
Comments
zhipengcfel
Order was triggered.
zhipengcfel
Half position was closed. The SL of remainig position was set to 32.1 to keep the profit.
zhipengcfel
It nearly touched the TP level. I closed the remaining position. Happy trading!
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