CL1! Crude Oil Day Trade 6-Nov-2023
The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart.
TRADE DIRECTION: Long
KEY LEVEL: 81.00
TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported by other bullish reversal candles (green arrows).
Entry: 81.00
Stop Loss: 80.00
Profit Target: 82.00 (100 ticks of profit achieved)
Risk to Reward Ratio - 1:1
TRADE DIRECTION: Long
KEY LEVEL: 81.00
TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported by other bullish reversal candles (green arrows).
Entry: 81.00
Stop Loss: 80.00
Profit Target: 82.00 (100 ticks of profit achieved)
Risk to Reward Ratio - 1:1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.