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jbourgault

USOIL short (riding C corrective wave)

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
jbourgault  
FX:USOIL   CFDs on Crude Oil (WTI)
3
0
Seems like a B corrective wave just ended after a perfect retracement to the 0.232 fib level.

Riding C downward look likes a good trade.

Take profit : 2008 low/previous daily trend line @ ~33
Stop loss : a couple pips above 0.232 retracement level @ 38.5
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