Daytrading opportunity on oil. If price reaches Potential Reversal Zone, then preferably I would wait for consoldation around that area an perhaps a small breakout to upside and then back to test PRZ on low volume.
Risk management: I would place my stop under recent low once test low volume test has occured.
Money management: I would use fibonacci retracements as targest depending on the velocity of the movement I shall place ma targets accordingly.
Risk management: I would place my stop under recent low once test low volume test has occured.
Money management: I would use fibonacci retracements as targest depending on the velocity of the movement I shall place ma targets accordingly.