Wednesday, May 9, 2018

09.05.2018 - Crude Oil - WTI D1 - Trading With Price Action

WTI D1
Entry: trend trading with pin bar - buy limit order
Entry: 68.96
Exit: 72.66
SL: 67.11
R/R: 1:2

Crude Oil - Trading with price action


Crude Oil - WTI moved higher last week and broke key level at 69.50. In the D1 WTI chart below, we can see a bullish pin bar buy signal that formed after breakout yesterday. According to my strategy-method-algorithm, I set a pending buy limit order at 50% retracement of this pin bar's length at $68.96. If you would like to see how I pick my entries in the market, check this article

I see the potential for upside movement into $72.50 - $73.00 area. As always, trade at your own risk.

WTI D1 - Trading With Price Action
WTI D1 - Trading With Price Action

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