US OIL heading to territory - levels highlighted on chart.
Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr ) & enter if get reversal price action such as or formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg
Trade with care,
Are we on wave 3 ? its always dream for a trader to get entry on wave 3
Last low @ 65.82
Book half position and hold remaining for target 2 ( by trailing stop)
It was looking a zig zag (abc) correction, soon the trend may change to bullish