We don’t do analyses for this pair very often, but let’s look it today.

wti

Yesterday price tested trend line and reject it nicely. There was also 78.6% Fibonacci retrace at almost the same place where trend line rejection happen. I’m long already here. I’m aiming for at least 250 pips here, will manage stop loss accordingly on 4h swings, to secure my position as soon as possible and at the same time allow trade enough breathing space, so I will not be kicked out on any retrace back, once bigger players will start to play with retail traders.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.