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marto_el
Aug 24, 2016 9:40 AM

Quick scalp on Oil / 2618 / Long

Crude Oil (WTI)FXCM

Description

Strategy is well known here. After the double bottom and the rally, price came back to the .618 fib retracement. What's more is that the Weekly Central Pivot and the Monthly R1 are in the zone as well and are supposed hold as resistance.
TP1 - 48.80$
TP2- 50.00$
SL- Just below the double bottom

Trade active

Entered @47.15$

Comment


Nice up move from the zone.
Stop is at Break Even already.

Trade closed: stop reached

Waiting for another setup.
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