CL - LONG trade idea
CL has broken market structure - it formed a LH & LL. Taking a LONG countertrend trade on the retest of the former 1H bullish OB, expecting a new LH to form in the coming hours. TP @ FIB 0.705 after which a SHORT trade could be considered depending on PA.
Trade closed manually
Closed the trade here in profit. The original target is not yet hit, but I see momentum waining and all-in-all I am satisfied with the trade result.Another one for the books! :-)
Note
btw closed @ $82,47
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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.