microtrends

Oil long if reversal at low holds - possible long headsup

Long
FX:USOIL   Rohöl CFD's (WTI)
oil
After our short signal on the chart we are not showing signs of slowing and congestion...
and some stats and timing that say at very least scale 1 out... if you are short...

Oil long Fib Grid -f76% to -88% range 125%+
reversal at low if we break above -f76% on the fib grid 100...
this is a sticking the neck out trade - pre-empting a green candle above the -f76%


If not 99.58 to 90.0 is next support
lets see what happens.. time is also a factor here. The important thing is to be aware of certain patterns that can be profitable - which might just end up in sideways chop here....

ie the bounce of break of a level... note how price does hit theses and bounce or break -quite a lot... and whats more the levels are projected at the start of the session!



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