Long - Oil Futures
Updated
Oil has been trading in a down channel.
- It has bounced off lower bounds, making a higher high on 1HR
- Wait for price to consolidate and bounce off 0.5 Fib pull back for entry.
- 1st TP at 74.24, let the rest run.
- Down channel usually leads to an breakout to the upside.
- It has bounced off lower bounds, making a higher high on 1HR
- Wait for price to consolidate and bounce off 0.5 Fib pull back for entry.
- 1st TP at 74.24, let the rest run.
- Down channel usually leads to an breakout to the upside.
Trade closed: target reached
- Price reached 1st TP target.
- The rest, stopped out at breakeven.
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