Oil Trade Setup
WTI
I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments.
Trade Management:
Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside.
Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity.
Risk/Reward: 4.85
Risk: 1%
WTI I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments.
Trade Management:
Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside.
Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity.
Risk/Reward: 4.85
Risk: 1%
Trade closed: stop reached
SL reached
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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.
💥 Explora mi viaje como trader: t.me/jaytradingmm
💰 Ideas detalladas y previsiones semanales
🎥 🗓️ Charlas en directo sobre los desafíos y aventuras del Trading
🏦 Exchange+ 20% cashback en fees: partner.bitget.com/bg/JaytraderCrew95
💰 Ideas detalladas y previsiones semanales
🎥 🗓️ Charlas en directo sobre los desafíos y aventuras del Trading
🏦 Exchange+ 20% cashback en fees: partner.bitget.com/bg/JaytraderCrew95
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.