As we saw the movement on the prices of oil the last week we saw strong bullish momentum and high demand on oil during the last week
and on our opinion the OIL may make strong retracement to the south to the level of 76.50 at the level of 61.8% Fibonacci expansion
and then we might see pullback one more time to the current levels at 78.5 from that we may see continuation to the downside with high volatility
and our stop loss will be fixed above the last highest high of the whole bullish movement at the number of 80
and our targets will be 75.50 and 73.50 in sequence
use money management and don't move or remove your stop loss
trade safe
and on our opinion the OIL may make strong retracement to the south to the level of 76.50 at the level of 61.8% Fibonacci expansion
and then we might see pullback one more time to the current levels at 78.5 from that we may see continuation to the downside with high volatility
and our stop loss will be fixed above the last highest high of the whole bullish movement at the number of 80
and our targets will be 75.50 and 73.50 in sequence
use money management and don't move or remove your stop loss
trade safe
Trade active:
and we saw rejection on the 4H frame