OIL demand in control
Retail traders have been faked by a gap in oil prices, exactly into a daily demand zone, which the big players may use to take price higher
Note
D1 demand has been reached and price is reacting off of it. Lets see if prices will be pushed higher from this demand zone
Trade active
I have taken a long position on the D1 demand zone around 73.00 currently running at 1/1+ risk reward. If we hit 1/2 i will be closing half of the position and bring my SL to entryTrade active
1/2 risk reward ratio hit. Target 1 reached.
Will close half of the position and bring SL to entry
Trade active
Reached 1/3 risk reward. A bit more. Will let it run but will bring my stop higher under the newly formed 4h demand Trade closed: target reached
Trade closed 1/3.5 RR
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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.