ForensicForex

US OIL Another OTE?

Long
TVC:USOIL   CFDs on WTI Crude Oil
We see a new recent high on the 15M by breaking down the 1H. We see price break that 41.13 level with a swing high so we throw a Fib up. We do not take any trades unless it comes near or into that 50%-79% Zone!
Comment:
As you can see the OTE held true!

TP1 would have been 41.17 if you go in the boxed zone.

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