USOIL Long
Updated
Bought Oil, price has pulled back to Daily 50 MA with a strong push from buyers creating a morning star on Daily timeframe, structure has been broken on 4HR timeframe, price is trading above 50MA on Daily, 4HR, and 1HR timeframes. Nice engulfing candle formed on 1HR TF right on the 50 MA acting as a dynamic support level.
Trade active
Price has pushed up nicely to 112.70 level, 1st target has been achieved and SL is put at BE. I have closed 80% of the position and leaving last position as a runner and looking to scale in once 113.13 level is broken. Potentially looking for a pullback to 110.65 level before continuation to upside.
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