My third attempt to buy XTIUSD after 2 previous stop outs.
Price is in an uptrend, approaching support.
TPs based on fibonacci levels.
An economic recovery may boost oil prices to 47.5 or 50.0 levels.
Conversely, a worsening epidemic and oil supply increases may cause oil price to drop.
Nothing is certain, but I personally think it is worth the risk in view of the 1:10 risk-reward offered by this trade.
Price is in an uptrend, approaching support.
TPs based on fibonacci levels.
An economic recovery may boost oil prices to 47.5 or 50.0 levels.
Conversely, a worsening epidemic and oil supply increases may cause oil price to drop.
Nothing is certain, but I personally think it is worth the risk in view of the 1:10 risk-reward offered by this trade.