On a daily chart, Oil has broken out of a downtrend and is experiencing rejection on the retest of the trendline, confirming a bullish continuation—a good Risk-to-reward ratio setup.
TP and SL are marked Risk no more than 1% Follow for more swing trade setups
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.