Oil breached the strong support area at 51,50 area that should act as support now. Buy the retest on that level which happen to also be at 0,618 fib. level.
Like if you agree, follow and support please!
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Price getting near the kill zone now, but we have also todays news. So here you have two ways to play it. Or watch price action after the news events.
Trade ist aktiv
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I entered based on bounce from 0,786 fib level.
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This trade went against me from the start :) But you have to trust your plan! If i get a close above 51,50, i'll add more.
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It is performing well now!
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Patience is the name of this game! Happy pips for those who took this one with me!
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We still doing great on this trade and making higher highs and higher lows. Starting to trail my SL now.
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Oil couldn't make a new higher high now, and looks struggling a bit. Here is my new SL level. That's about 230 point and is a very good reward if it will get triggered :D