Here's my USOIL (WTI Crude) trade setup.
- *Trade Type:* Sell
- *Entry Price:* 57.74
- *Stop Loss (SL):* 65.54
- *Take Profit (TP):* 51.40
*Quick Risk/Reward Analysis:*
- *Risk:* 65.54 - 57.74 = *7.80*
- *Reward:* 57.74 - 51.40 = *6.34*
- *Risk/Reward Ratio:* 6.34 / 7.80 ≈ *0.81*
*Comment:*
This setup has a risk greater than the potential reward, which is not ideal. A better trade usually has a risk/reward ratio of at least 1:1, preferably 1:2 or more. You might consider adjusting your TP or SL, or confirming the direction with technical/fundamental analysis.
- *Trade Type:* Sell
- *Entry Price:* 57.74
- *Stop Loss (SL):* 65.54
- *Take Profit (TP):* 51.40
*Quick Risk/Reward Analysis:*
- *Risk:* 65.54 - 57.74 = *7.80*
- *Reward:* 57.74 - 51.40 = *6.34*
- *Risk/Reward Ratio:* 6.34 / 7.80 ≈ *0.81*
*Comment:*
This setup has a risk greater than the potential reward, which is not ideal. A better trade usually has a risk/reward ratio of at least 1:1, preferably 1:2 or more. You might consider adjusting your TP or SL, or confirming the direction with technical/fundamental analysis.
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📲 Join telegram channel free ..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
Related publications
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.