empty
 
 
15.04.2021 01:07 PM
Trading idea for oil

This image is no longer relevant

Over the past 3 weeks, oil has been fluctuating between $57 and $62. But yesterday, it hit $ 63 on the news of decreasing reserves in the US.

Considering this, bearish traders can work for a decline, but in the same scenario as the picture below:

This image is no longer relevant

So, since oil has an ABC pattern where wave "A" is bearish in structure, investors can open short positions and set off a 50% retracement from $62.5. Place limit at $66, and then take profit as soon as the price hits $57.

Of course, risk should be monitored to avoid losing profit. This financial market is rather unstable, so correct approaches are needed to gain money.

The idea above follows the Price Action and Stop Hunting strategies.

Good luck!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback