Fxprotrader

CrudeOil: Short Term Buy Setup In Two Scenarios

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FX:USOIL   原油差價合約(WTI)
Clearly in an uptrend we see that price is in a correction after an impulsive wave up and i keep a closer eye for a breakout above this correction. The better setup would be if we see price keep retracing into a corrective structure, reaching the lower parallel of the set. but if prior that that we have a breakout above the correction we may buy crude oil aiming for the slide parallel (green line)
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Same view but the corrective structure has changed a little. I still wait for a retracement to the lower parallel before price rallies
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