WTI just break a neckline on a reverse head and shoulders
i think the breakout of the reverse H&S is confirmed
also Irak news today make oil more stong so why not ?
enter at 51.84
targeting 52.77
Stop loss 51.50
gains = 91 pips
if stopped =30 pips
risk reward
1/3
i think the breakout of the reverse H&S is confirmed
also Irak news today make oil more stong so why not ?
enter at 51.84
targeting 52.77
Stop loss 51.50
gains = 91 pips
if stopped =30 pips
risk reward
1/3
Comment:
update my SL to 51.35 still a good Risk reward...coz i enter to early,not wait the pullback after the breakout of reverse H&S
Comment:
i mean if i se he down close to 51.40 i will update the SL only
Trade closed: target reached:
finally i updating my sl everytipme coz i believe in oil and have a good balance with low leverage so ws ok my target reached,but i am sorry for those who not have big balanse and been stopped..normally i should been stopped too,but i just tought that i enter early so i keep it for swin-long trade instead of intrady(short term