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jaktrader
Jul 27, 2017 12:28 PM

WTI Long

West Texas OilOANDA

Description

Up-Trend. Price at the lower band

Comment

In oil as a secondary time frame I use 5 min
The red lines are areas where i think a lot of stops got hit and also areas where buyers really were in control from yesterday.

Comment

Our stop is at 47.89 so if its going to reverse and not follow the trend in 1H we are going to get stop at a price level that way reverse again to the upside direction. In that case if we get bullish evidence we join the trend again.
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