tntsunrise

USOIL 4H Back to Back Butterfly and Cypher

Long
tntsunrise Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
83
USOIL 4h Butterfly Complete
Entry: 42.86-43.67
SL: 42.70
Target :46.40 48.10 49.30

There is a possibility a back to back
Cypher pattern

We Long the CD leg based on the butterfly pattern
We take profit at 49.30 for a cypher completion
Comment:
First Entry at 43.67 is stopped out at 42.70, lose 90 pips
2nd Entry at 42.86 is still there ,
Pay attention to 42.75 Level. This is the Daily 0.618 Level.
If 42.75 is not broken. I will continue to hold my long position
They potential Cypher Leg CD is still valid
Comment:
First Target hit. close 1/3
rest move to break even
Trade closed: target reached:
2nd Target 47.70 reached.
close another half.

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