cryptdee

USOIL, Cypher Trade Setup

Long
TVC:USOIL   CFDs on WTI Crude Oil
Waiting for price action to meet the D leg, and will long from there.

Cypher Rules
B = 38.2-50% of the X-A retracement
C = 1.272-1.414% of the XAX retracement
D = 78.6% of the X-C retracement

TP at 38.2% and 61.8% Fib retracements of C-D


Note: If price goes beyond $70, then the trade setup will be invalid.
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