JongchulYe

OIL for next week

Long
TVC:USOIL   CFDs on WTI Crude Oil
Trading strategy 1 (Blue arrow)

If price holds above C point,
take long with small SL at support level .

Trading strategy 2 (Red arrow)


If price break-out potential neck line,
take long when price is corrected.

Also if price break out B point,
we may consider BAMM of harmonic pattern .


Both Strategies have great RR ratio, around 4~5.

Trade closed: target reached: strategy 2 position closed as target reached

Comments

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