Oil - Pullback Trade

FX:USOIL   CFDs on Crude Oil (WTI)
38 1 2
Dear traders..., it looks like there is potential for crude oil             to pullback to some upside...

Placing a small Long trade on this for now... (Price could go slightly down & reverse, or it will just start reversing from here...)

*Target is not cast in stone; I'll be prepared to take profits... (It is hard to try to predict the next thousand pips move; this trading method is only useful for predicting like the next 50 - 100 pips move... It is actually more ideal/suitable for shorter-range scalping actually, but it worked surprisingly well for longer time-frame predictions too; albeit shortsighted though...)

I hope this trade might not be "too impatient"; because I'm not sure if the price would like to test the bottom MA of the BB (bluish/green color)... So risked small now...

Best regards.
Its target 47 and Its will be good point for long.
+1 Reply
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