Oil bounce from the bottom of the channel

9 ส.ค. 2018Oil is at the bottom of its long termed rising channel. Testing supports. As long as we do not fall through the zone. This is a buy. Stop loss just under the zone and .786 fib. First target about 69. Gives 1:3 risk: reward ratio. Also supporting evidence would be what appears as a bullish Gartley.

Dan

15 ส.ค. 2018

ความคิดเห็น

trade stopped out for a small loss, oil fell down from the uptrend channel and broke support zone.. now gonna look for retest of the zone and a short trade