Brent Crude Oil
Long
Updated

BCOUSD OVERSOLD! Trade for pullback

72
BCOUSD
CRUDE OIL INVENTORIES REPORT OUT LATER
Current outlook: LONG

Oversold under:
RSI : 30 Mins
RSI : 60 Mins
RSI : 4 Hours.

Price range now is also near support level.

Market looks dangerous to go long but will be entering it to try and get pullback profit.

TP: 63.30
Position duration: ~14 days

Note
Lower TP target to ~63.00
You can now put stop loss at ur order level or slightly higher to prevent losses for this trade

Trade safely cheers
Trade closed: stop reached
hit my trailing stop loss.

profit by a small margin
Trade closed manually
closed with +32 pips

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.