FX.co ★ Trading tips for oil

Previous trading tips in oil pointed to an increase in prices.

plan:

As expected, the market opened with a gap today, and during the start of the European session, quotes hit a new weekly high, which allowed investors to take profit (around $3).

development:

Congratulations to those who followed the strategy!

Closing 2/3 of long positions give a profit of around 300 pips.

Transfer the rest to "breakeven", up to the second target level, which is 86.61.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.