Price has finally made it back to the untested supply zone. I expect some bearish price action when it finally makes contact. Price seems overdue for a real retracement. OVB on the Stoch's, as well.
Trade closed: target reached
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:cinema: Did anyone check this US Oil Trade Idea video out? Take the setup? It would have made a huge difference with your trading week..... I called the point of rejection, at contact with the supply zone, and called the TP, at the highlighted support level. +321 pips!
It is exactly my strategy, i was impressed to see the same analysis. Good luck my friend.
RT_Money
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@FrozenAutumn,
It is always cool to see another trader confirming one's analysis.
I hope you banked some good pips on this one! It was very profitable!
anand1988
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really nice setup and explanation, we are waiting for the retracement to enter shorts (temporary one :D)