Long at 51.84 target at 52.76 on reverse H&S

WTI just break a neckline on a reverse head and shoulders
i think the breakout of the reverse H&S is confirmed
also Irak news today make oil more stong so why not ?

enter at 51.84

targeting 52.77

Stop loss 51.50

gains = 91 pips

if stopped =30 pips

risk reward
1/3

تعليق:

update my SL to 51.35 still a good Risk reward...coz i enter to early,not wait the pullback after the breakout of reverse H&S

تعليق:

i mean if i se he down close to 51.40 i will update the SL only

أغلقت الصفقة: تم الوصول للهدف:

finally i updating my sl everytipme coz i believe in oil and have a good balance with low leverage so ws ok my target reached,but i am sorry for those who not have big balanse and been stopped..normally i should been stopped too,but i just tought that i enter early so i keep it for swin-long trade instead of intrady(short term