Oil it setting up nicely to trade this Fibonacci Channel. Wait for another small pullback and go long.
Target #1 will be at the 50% Fib line, Target #2 set at the top channel line.
Target #1 will be at the 50% Fib line, Target #2 set at the top channel line.
Trade active
If target #1 is filled make another entry for target #2. Move your spot loss to lock in profitsNote
Target #1 reached. Second Entry was placed at 46.00 with a target at 46.50Trade closed: target reached
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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.
Related publications
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.