bhalla1990

Crude - look for opportunities to go long again

Long
TVC:USOIL   CFDs on WTI Crude Oil
After the y'day upside move in final few hours and earlier today, crude has retraced to .618 levels of previous rise.

this should be a good area of value for fresh longs with stops below .786 fib.

In another alternate scenario, the retrace can get deep to .786 fib and bounce from there.

Entry should be based on a bullish candlestick setup in minimum 15 min tf.
Trade active
Trade active: trading very close to stops, 65.4
Trade active: stopped out once, re-entry on same setup same SL
Trade closed manually: not moving as expected, closed manually at 67.2