Oil Long Setup
OIL Long Setup
🔵 Entry Level: $80.60
🟢 Take Profit: $82.84 (2.8R)
⛔ Stop Loss: $79.80
Reasoning:
1) Apparently the two trades from yesterday failed and we went much lower than expected. The price is currently resting on the lower trendline of the ascending channel, so I am expecting a slight move up.
2) Target is set at the middle trendline in the ascending channel
🔵 Entry Level: $80.60
🟢 Take Profit: $82.84 (2.8R)
⛔ Stop Loss: $79.80
Reasoning:
1) Apparently the two trades from yesterday failed and we went much lower than expected. The price is currently resting on the lower trendline of the ascending channel, so I am expecting a slight move up.
2) Target is set at the middle trendline in the ascending channel
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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.