This is the breakdown that I had discussed in my earlier idea on the same product. I had used futures this time because this is the product that most professional traders used for trading oil (and really because it's what my friend uses).
The stop is set slightly above the breakdown price.
The take profit is set at 1-1 target from the most recent peak to the breakdown.
The stop is set slightly above the breakdown price.
The take profit is set at 1-1 target from the most recent peak to the breakdown.
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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.