Condizioni di trading
Strumenti
Hello dear traders!
Let me suggest a trading idea for West Texas Intermediate.
To begin with, yesterday on the daily timeframe chart I spotted a pin bar, which I call an intruder, within the overall bullish trend.
Basically, this is the ABC structure according to the chart with a 1-hour timeframe.
Now the market has pulled back 50% from yesterday's price gain, thus giving traders an opportunity to enter the market amid a retracement following the overall bullish trend. The take profit level is set at $42.5 which coincides with 161.8% Fibonacci correction.
This trading idea will be valid until the breakout of the price level of $40.5 which is the foundation of the momentum candle.
The trading idea is developed on the grounds of the two methods: Price Action and Chasing stop orders.
The profitability of a deal is 2:1.
Good luck in trading! Make sure you manage your risks!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.