USOIL two trades after the impulse
Updated
Hi traders,
On the USOIL we can see that it made a huge downwards impuls. Now I'm looking for a retracement or correction back to either the 38.2% Fibonacci retracement or the 61.8% Fibonacci retracement and enter short from there.
-----Trade 1 [38.2% Fibonacci retracement]-----
Entry: 53.29
Stop: 53.67
Target: 52.32 = R:RR 2.55
-----Trade 2 [61.8% Fibonacci retracement]-----
Entry: 54.01
Stop: 54.45
Target 1: 53.05 = R:RR 2.20
Target 2: 52.32 = R:RR 3.86
Good luck guys! Updates will follow.
On the USOIL we can see that it made a huge downwards impuls. Now I'm looking for a retracement or correction back to either the 38.2% Fibonacci retracement or the 61.8% Fibonacci retracement and enter short from there.
-----Trade 1 [38.2% Fibonacci retracement]-----
Entry: 53.29
Stop: 53.67
Target: 52.32 = R:RR 2.55
-----Trade 2 [61.8% Fibonacci retracement]-----
Entry: 54.01
Stop: 54.45
Target 1: 53.05 = R:RR 2.20
Target 2: 52.32 = R:RR 3.86
Good luck guys! Updates will follow.
Trade active
Note
Target 1 of Trade 2 was hit. Moving stop to breakeven.Trade closed: stop reached
Small profit made.
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