A nice flat is forming on the 4H time frame and I am taking he completion leg. then observe price action for a sell at the top of the C leg of the flat. Lets see how it plays out.
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The trade is looking good so far. The impulsive moves are always a pleasure to trade.
I would normally not move my SL to breakeven but the move is significant enough to do just that to be a risk free trade.
Do like the idea if you find it useful. Thanks.
I would normally not move my SL to breakeven but the move is significant enough to do just that to be a risk free trade.
Do like the idea if you find it useful. Thanks.
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Target price ==> 62.40
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A deep retrace for the Y leg. A good second opportunity to buy OIL shot term. Look for reversal pattern to buy.
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My trade is still active. Oil can be very slow to move when it is correcting. PATIENCE is the key.
Do like and comment if you like the idea. Thanks.
Do like and comment if you like the idea. Thanks.
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Played out nicely but one thing you must know about oil is that is is usually not fast in movement. So patience is the key. Cheers