USOIL long entry at the 61.8% Fib retracement [Just an idea]
Hi traders,
The USOIL has been declining since the last few weeks, dropping from $ 51 to $ 40. The current area is the 38.2% Fibonacci retracement of the bigger downward move. If it reaches the $ 35 area, I'm expecting a reversal. This is where the 61.8% Fibonacci retracement is and we can see previous structure around this area.
Entry: $ 35.73
Stop: $ 33.56
Target: $ 39.87 = R:RR 1.91
Will keep this updated. Best of luck!
The USOIL has been declining since the last few weeks, dropping from $ 51 to $ 40. The current area is the 38.2% Fibonacci retracement of the bigger downward move. If it reaches the $ 35 area, I'm expecting a reversal. This is where the 61.8% Fibonacci retracement is and we can see previous structure around this area.
Entry: $ 35.73
Stop: $ 33.56
Target: $ 39.87 = R:RR 1.91
Will keep this updated. Best of luck!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.