MariusStanescu

OIL opportunity for both SELL and BUY scenario

MariusStanescu Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Simple price action analysis. If the actual resistance zone will hold, than a 3RR SELL trade is in play. IF the price will break the resistance, than this area will become support, and a 4RR BUY trade is in play.

Trade Safe!
Trade closed: stop reached:
SL Hit. Next scenario is in play for Buy trade.
Trade active:
Buy trade active. Tp targeting the next resistance level
Comment:
SL hit due to high market volatility caused by news events.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.