Crude oil daytrade

When we look at the chart we can see that the price is touching a support zone in the hourly chart.
I am personally going to go long for now with the SL just below the Support zone and my Tp at the top of the previous high we can see.


Daytrade-execution
Entry: 64.03
Stop loss: 63.5
Take profit: 66.50
Risk-Reward: 4.6

Trade active

Trade closed: stop reached

Comment:

Was a little unlucky with the trade. I did went long on it again but was unable to post it here because I was not in my office.
For the people that are also still in please keep your risk management in mind and move your SL to break even and just let it run.
Should be a TP hit on Monday if everything stays the way it is now but with this market you never know so I will try to keep you updated on Monday after the US open.
For now have a great weekend and enjoy it.

Trade closed: target reached:

For the people that did go in again like me when there was a fake out. Would have hit their TP by now.
Lost 1% on the loss first but than gained 4.62% on the other trade.
So for this trade we made 3,62%