Crude Oil (1-Hour Timeframe)
Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level.
Outlook: Monitor for signs of retracement or consolidation.
Strike Price Trade Setup:
Entry: Above 6,550
Targets: 6,570, 6,600, 6,630
Stop-Loss: Must have
Remember to adjust your stop-loss and take-profit levels according to your individual risk tolerance.
Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level.
Outlook: Monitor for signs of retracement or consolidation.
Strike Price Trade Setup:
Entry: Above 6,550
Targets: 6,570, 6,600, 6,630
Stop-Loss: Must have
Remember to adjust your stop-loss and take-profit levels according to your individual risk tolerance.
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.
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.