Oil Long Setup
OIL Long Setup
🔵 Entry Level: $80.60
🟢 Take Profit: $82.84 (2.8R)
â›” 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)
â›” 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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