11021992
Long

USOIL long entry at the 61.8% Fib retracement [Just an idea]

FX:USOIL   CFDs on Crude Oil (WTI)
Hi traders,

The USOIL             has been declining since the last few weeks, dropping from $ 51 to $ 40. The current area is the 38.2% Fibonacci retracement of the bigger downward move. If it reaches the $ 35 area, I'm expecting a reversal. This is where the 61.8% Fibonacci retracement is and we can see previous structure around this area.
Entry: $ 35.73
Stop: $ 33.56
Target: $ 39.87 = R:RR 1.91

Will keep this updated. Best of luck!
My view on the EUR/AUD and EUR/USD for this week https://youtu.be/hDryiC6wJHg

Interested in learning about harmonic patterns? PM me :)

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