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ViorelBadin
Sep 18, 2016 11:24 AM

OIL DOUBLE BOTTOM LONG IDEA Long

Crude Oil (WTI)FXCM

Description

PRICE CAME DOWN AND RETESTED THE MAJOR SUPPORT TREND LINE AND THE 0.618 (43.00) FIB LEVEL.
PRICE SHOULD BOUNCE BACK.
ENTER WITH A BUY STOP JUST BELOW THE 43.60 PRICE LEVEL.
STOP LOSS JUST BELOW THE 0.618 FIB LEVEL AND THE MAJOR SUPPORT TREND LINE.
PROFIT TARGET IS 46.70 PRICE LEVEL.
STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.

Trade active

GOOD TRADE SO FAR

Trade closed: target reached

260 pips profit. trade closed.
Comments
MindTrader
ViorelBadin
good chart. thanks for sharing.
gambacc
Not yet. I think it will hit 41.90 first. Let's see what happen.
ViorelBadin
let's see.
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