US Crude Oil (WTI) LONG setup
Your **US Crude Oil (WTI) buy setup** is structured with proper risk management in mind. Here's a breakdown of the key elements:
### 📌 **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.
---
### ⚖️ **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.
---
### ✅ **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.
