Hi friends, here my daily analytics for USOIL .
The 0.5 fibo coincides with a strong support.
The actual price is caught between the 25.3 resistance and the 24.1 support. But i think that you should long, if a big short is possible in next days, the price will test the 0.786 before it.
Entry price 24.1
Stop loss 23.6 (-50 pips)
Take profit 1 : 25.3 (120 pips)
Take profit 2 : 27 (290 pips)
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
The 0.5 fibo coincides with a strong support.
The actual price is caught between the 25.3 resistance and the 24.1 support. But i think that you should long, if a big short is possible in next days, the price will test the 0.786 before it.
Entry price 24.1
Stop loss 23.6 (-50 pips)
Take profit 1 : 25.3 (120 pips)
Take profit 2 : 27 (290 pips)
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Comment:
Secure by changing the sl at the entry price
Trade active:
First Take profit hit ! I closed half of my position at 26 and put my sl 25.
Trade closed: target reached:
Take profit hit !! For those who didn't put any one, you can put the sl at 26.6 and let it flow until the profits are right for you !!
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Please support my work by liking my analysis on commenting it !