Your **US Crude Oil (WTI) buy setup** is structured with proper risk management in mind. Here's a breakdown of the key elements:
https://www.tradingview.com/x/c7YFhYww/
### 📌 **Entry Point: 69.600**
This is the price at which you plan to enter a long (buy) position. You should wait for confirmation (such as support holding, bullish candlestick patterns, or volume increase) before executing your trade.
### 🎯 **Target Price (TP): 71.100**
This is your take profit level, where you will close your trade to lock in profits. The difference between the entry and target price is **1.500 points**, which represents your potential reward.
### 🛑 **Stop Loss (SL): 68.900**
This is the price level where you will exit the trade if the market moves against you. The difference between the entry and stop loss is **0.700 points**, representing your potential risk.
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### ⚖️ **Risk-Reward Ratio (RRR): 1:2.14**
- **Risk = 0.700 (Entry - Stop Loss)**
- **Reward = 1.500 (Target - Entry)**
- **Risk-Reward Ratio (RRR) = Reward ÷ Risk = 1.500 ÷ 0.700 ≈ 2.14**
Since your **RRR is greater than 1:2**, this is a solid setup from a risk management perspective. It means that for every $1 you risk, you are aiming to gain about $2.14, which is a positive risk-to-reward trade.
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### ✅ **Money Management (MM) Tips**
- **Position Sizing:** Ensure your lot size aligns with your risk tolerance. Example: If you risk 1% of your account per trade, adjust your lot size so that a 0.700 move against you equals 1% of your capital.
- **Wait for Confirmation:** Look for bullish signals before entry (e.g., candlestick patterns, moving average support, or RSI above 50).
- **Set Alerts:** Use alerts at key levels to monitor price movement instead of staring at charts all day.
Trade closed: target reached
🔥🚀 Boom! US crude hit **$70.400**, and you bagged **80 pips**—massive profit! 💰💵 Time to close the trade and celebrate! 
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.