FX.co ★ Profit taking on WTI oil

Hi, dear traders!I'd like to tell you how the trading idea for WTI has worked out in practice.

Last week, I gave you the trading recommendation based on the rally from $109 to $117 a barrel. Yesterday WTI grade climbed in practice, having broken the target level of $117.

Trading plan:

The horizontal line means the sellers' stop losses accumulated for 3 months.

Yesterday the WTI price grew and broke the level of $177 in confidence.

What has happened:

I congratulate those who benefited from this trading idea! The price action is measured at 800 pips or $8! You are recommended to close your long positions by profit-taking.

This trading idea is developed according to the author's method of Price Action and Hunting for stop orders.

Good luck in trading! Make sure you manage your risks!